Agency Rule Costs: Balancing New Regulations with Repeals
New rules require government agencies to assess the costs of major new regulations. Before implementing such a rule, they must identify if another rule can be repealed to offset the expenses. This aims to limit financial burdens on citizens and businesses.
Key points
Agencies must estimate the costs of new major rules that could impact the economy by $100 million or more.
Before a new rule takes effect, agencies must identify and repeal another rule to offset the new costs.
Each major new rule must include a statement indicating whether its costs have been offset by repealing another rule.
Introduced
Citizen Poll