Limiting Government Regulatory Costs: New Rules for Agencies
This act introduces new rules for the costs that government agencies can impose on citizens and businesses through new regulations. It aims to limit additional, unfunded costs resulting from regulations. Citizens may experience fewer financial burdens from new government requirements.
Key points
Establishes annual limits on additional, unfunded costs that government agencies can impose through new regulations.
Requires Congressional approval for regulations that exceed established cost limits.
Creates a new government position responsible for overseeing compliance with these limits.
Provides for judicial review to ensure agencies comply with the new regulatory cost rules.
Introduced
Citizen Poll