SCRUB Act: Fewer Regulations, Lower Economic Costs
This act aims to reduce the number and cost of federal regulations. It introduces a rule that when creating a new regulation, agencies must repeal others to ensure overall regulatory costs do not increase. This could potentially lower prices for goods and services and make it easier to do business, impacting jobs and innovation.
Key points
One-in, one-out rule: Agencies must repeal old regulations when introducing new ones to offset costs.
Review of existing regulations: The government will identify and repeal outdated, costly, or ineffective regulations, especially those over 15 years old or burdensome to small businesses.
Cost reduction goal: The act aims to reduce the cumulative costs of federal regulation by at least 33% by July 2026.
Future reviews: New regulations will be required to include a plan for their review within 10 years of their enactment.
Status:
Introduced
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