Less Red Tape: New Rules for Federal Agencies
This act aims to reduce the number and cost of federal regulations. It introduces a principle that new, costly regulations must be offset by repealing other unnecessary rules. The goal is to limit financial burdens on citizens and businesses caused by excessive bureaucracy.
Key points
Federal agencies must repeal old regulations when introducing new, costly ones.
An annual budget for regulatory costs will be established to control spending on new rules.
Each agency will appoint an officer and a task force to review and recommend changes to existing regulations.
Citizens and businesses can submit feedback and suggestions for regulations to be repealed or modified.
Status:
Expired
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