Agencies Must Repeal Two Rules Before Imposing New Regulatory Costs.
This bill mandates a 'two-for-one' rule for federal agencies. Before an agency issues a new regulation that creates financial or administrative burdens for citizens or businesses, it must repeal at least two existing regulations of equal or greater cost. The goal is to curb the growth of federal bureaucracy and potentially reduce the overall regulatory burden, which could lead to lower consumer costs.
Key points
Federal agencies must repeal two existing rules before issuing one new rule that imposes costs on the public or businesses.
The cost of the new rule cannot exceed the combined cost of the rules being repealed, ensuring cost neutrality.
The legislation aims to reduce bureaucracy and potentially lower operational costs for businesses.
Agencies must publicly list all planned new and repealed rules semi-annually for transparency.
Expired
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