Automatic Rule Expiration: Increased Congressional Oversight of Agencies.
This act introduces a mechanism for major rules issued by government agencies to automatically expire after 10 years, unless Congress explicitly extends them. The goal is to enhance Congressional oversight of regulations, potentially leading to more frequent review or elimination of outdated or ineffective rules. Citizens may experience changes in regulations affecting various aspects of life, from safety to finance, depending on which rules are reviewed.
Key points
Major government agency rules will automatically expire after 10 years unless Congress extends them.
Agencies will be required to review at least 10% of their existing rules annually, potentially leading to changes or repeal.
The President can temporarily exempt one rule from expiration in emergencies, such as health, safety threats, or national security issues.
Citizens may experience more variability in regulations, requiring them to stay informed about changes affecting their daily lives and activities.
Expired
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