Increased Transparency for Federal Regulations: Costs and Job Impact.
This law mandates federal agencies to publish detailed monthly information about planned new regulations, including estimated costs and impact on the job market. Citizens gain early access to this data, allowing them to assess the potential consequences of legal changes on their finances and daily lives. Generally, new regulations cannot take effect until information about them has been publicly available for at least six months.
Key points
Agencies must monthly disclose the estimated financial costs of every new regulation, categorized by cost ranges (e.g., up to $10 billion or more).
Requirement to publish regulatory information online for 6 months before it takes effect, allowing time for public review and preparation for changes.
The government will annually publish a cumulative summary of all introduced regulations, their costs, and economic analyses, increasing public oversight.
Exceptions to the 6-month delay apply to regulations related to national security, criminal law enforcement, or imminent health threats.
Expired
Citizen Poll