Agencies Must Repeal Three Old Rules Before Issuing One New Rule.
This bill establishes a "three-for-one" rule for federal agencies. Before an agency can issue a new regulation that imposes costs or duties on citizens or businesses, it must first repeal at least three existing regulations. For major, costly rules, the cost of the new rule must not exceed the cost of the repealed rules, aiming to reduce the overall regulatory burden on the economy.
Key points
Federal agencies are required to repeal three existing rules before issuing one new rule that affects non-governmental persons or state/local governments.
If a major, costly rule is introduced, its cost must be less than or equal to the combined cost of the three rules being repealed.
The law mandates regular studies on the total number of regulations in effect and their estimated economic cost.
Expired
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