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Delaying Costly Rules: More Time for Economic Impact Review.

This act aims to postpone the effective date of new, expensive government rules that could cost the economy at least one billion dollars annually. This gives citizens and businesses more time to assess their impact before they take effect, especially if these rules are challenged in court.
Key points
Requires cost assessment for new rules potentially exceeding one billion dollars annually.
Delays the effective date of very costly rules until potential court challenges are resolved.
Provides citizens and businesses more time to prepare for changes if new rules are expensive and controversial.
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Additional Information
REVIEW Act of 2021
Print number: S 1250
Sponsor: Sen. Sullivan, Dan [R-AK]
Process start date: 2021-04-20