Delaying High-Cost Regulations Until Judicial Review is Complete.
This bill requires that new government regulations potentially costing the economy at least one billion dollars annually cannot take effect until courts have finished reviewing their legality. This gives citizens and businesses more time to prepare for major changes, and costly rules may be halted if challenged. The goal is to ensure that expensive legal changes are thoroughly vetted before they impact your finances and daily life.
Key points
Halting Expensive Rules: Rules potentially costing the economy $1 billion or more annually (defined as 'high-impact rules') will not take effect immediately.
Judicial Review Requirement: The effective date of these costly rules is postponed until the final disposition of all legal actions seeking judicial review.
Increased Transparency: Agencies must publicly determine and publish whether a rule is a high-impact rule before it is finalized.
Status:
Expired
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