Mandatory Effectiveness Review for Major Federal Regulations (SMART Act).
This law requires federal agencies to regularly assess whether their most impactful and costly regulations are actually achieving their intended goals. These public assessments aim to eliminate unnecessary or ineffective rules, potentially reducing bureaucratic burdens and economic costs. Citizens gain greater transparency regarding the performance of regulations affecting their daily lives.
Key points
All new, costly regulations (with an annual economic effect of $100 million or more or causing major price increases) must include a plan for assessing their effectiveness.
Agencies must conduct a public review of each major rule within a maximum of 10 years to determine if it is obsolete, ineffective, or duplicates other regulations.
Assessment results will be published on agency websites, increasing transparency and allowing for the identification of rules needing modification or removal.
Status:
Expired
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