What this bill does
AI plain-language summaryThis bill would require Congress to pass a joint resolution before any major federal agency rule can go into effect. A major rule is one that could have an economic impact of at least $100 million a year, significantly raise costs for consumers or industries, or negatively affect things like competition or employment. Major rules that are approved would expire after 10 years, and each agency would have to send at least 10% of its existing major rules back to Congress each year for approval — if Congress doesn't approve them, they would no longer be in effect. The bill also treats certain agency guidance documents as rules, and it requires the Office of Management and Budget to create a yearly budget that limits how much new regulatory costs the federal government can impose.
Introduced
February 6, 2025
Policy Area
Government Operations and Politics
How The Bill Is Being Covered
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