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Increased Oversight of Government Agencies: Transparency and Regulatory Efficiency

This act aims to increase the President's oversight of independent government agencies regarding new rule-making. This means agencies will need to more thoroughly analyze the costs and benefits of their actions, potentially leading to more thoughtful and less burdensome regulations for citizens and businesses. The goal is to ensure new rules are necessary, effective, and do not create unnecessary burdens.
Key points
Agencies will need to justify the need for new rules, analyzing problems and seeking alternatives, which may reduce unnecessary regulations.
New rules will require a cost-benefit analysis to ensure benefits outweigh burdens for citizens and the economy.
Agencies will be required to periodically review existing rules to ensure they remain effective and not overly burdensome, potentially simplifying bureaucracy.
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Additional Information
Print number: 117_S_2279
Sponsor: Sen. Portman, Rob [R-OH]
Process start date: 2021-06-24