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Protecting Jobs and Wages from New Regulations Act

This bill aims to reform how federal agencies create new regulations to better protect jobs and wages. It introduces new requirements for government agencies to thoroughly analyze the impact of new regulations on employment and earnings before implementation. The goal is to ensure new rules do not negatively affect the economy and citizens' daily lives.
Key points
Government agencies must assess if new rules could reduce employment or wages by 1% or more over 1, 5, or 10 years.
Requires analysis of costs and benefits of new regulations, including their impact on jobs, wages, economic growth, and innovation.
Agencies must consider alternatives like no federal action, amending existing rules, or regional solutions, instead of creating costly new regulations.
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Additional Information
Print number: 117_HR_3270
Sponsor: Rep. Burchett, Tim [R-TN-2]
Process start date: 2021-05-17