Less Red Tape: New Rules for Creating and Removing Government Regulations.
This act introduces a rule that for every new government regulation, agencies must eliminate at least two existing ones. The goal is to reduce the number of regulations and associated costs, potentially impacting burdens on businesses and citizens. Agencies will also need to ensure that the total cost of new regulations does not increase.
Key points
For every new regulation, agencies must repeal at least two others to reduce bureaucracy.
The total cost of new regulations for citizens and businesses cannot increase in a given fiscal year.
Agencies will need to publicly disclose planned regulations and their costs, increasing transparency.
The Director of the Office of Management and Budget (OMB) will oversee this process, issuing guidance and setting cost limits for agencies.
Status:
Expired
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