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New Regulatory Review: Less Bureaucracy, More Competition

This act establishes a special task force to review and evaluate existing federal regulations. The goal is to eliminate those that hinder competition, increase business costs, block new businesses, or slow down energy production. Citizens will be able to submit their comments and suggestions for changes, potentially leading to simpler daily life and lower prices.
Key points
Creation of a task force to identify and recommend changes to regulations that harm the economy.
Opportunity for citizens and businesses to submit proposals for changes or removal of burdensome regulations.
The aim is to reduce bureaucracy, lower costs for businesses, and foster competition, potentially leading to lower prices and more jobs.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_S_4055
Sponsor: Sen. Lee, Mike [R-UT]
Process start date: 2022-04-07
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

LIBERATE Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_4055.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-04-07.

What are the main provisions?

Key points include:

  • Creation of a task force to identify and recommend changes to regulations that harm the economy.
  • Opportunity for citizens and businesses to submit proposals for changes or removal of burdensome regulations.
  • The aim is to reduce bureaucracy, lower costs for businesses, and foster competition, potentially leading to lower prices and more jobs.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Lee, Mike [R-UT].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Economy