Red Tape Reduction Act

12/15/2023, 3:59 PM

Red Tape Reduction Act

This bill grants the force and effect of law to various executive orders relating to administrative procedures that were rescinded on January 20, 2021, including orders requiring agencies to (1) identify at least two regulations for repeal before publishing notice of a proposed new rule, and (2) follow certain procedures when issuing guidance documents.  

The Red Tape Reduction Act, also known as Bill 118 hr 4067, is a piece of legislation currently being considered by the US Congress. The main goal of this bill is to reduce the amount of bureaucratic red tape that businesses and individuals face when dealing with government regulations.

The bill aims to streamline the regulatory process by requiring federal agencies to conduct thorough cost-benefit analyses before implementing new regulations. This would ensure that regulations are necessary and effective, while also minimizing the burden on businesses and individuals.

Additionally, the Red Tape Reduction Act would require agencies to periodically review existing regulations to identify and eliminate any that are outdated, unnecessary, or overly burdensome. This would help to ensure that regulations remain relevant and effective in today's rapidly changing economy. Overall, the Red Tape Reduction Act seeks to promote efficiency, transparency, and accountability in the regulatory process, ultimately benefiting businesses, individuals, and the economy as a whole. It is currently being debated in Congress, with supporters arguing that it will help to spur economic growth and job creation, while opponents raise concerns about potential negative impacts on public health and safety.
Congress
118
Number
HR - 4067
Introduced on
2023-06-13
# Amendments
0
Sponsors
+5
Cosponsors
+5

Variations and Revisions

6/13/2023
Text
PDF
XML

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

Red Tape Reduction Act

This bill grants the force and effect of law to various executive orders relating to administrative procedures that were rescinded on January 20, 2021, including orders requiring agencies to (1) identify at least two regulations for repeal before publishing notice of a proposed new rule, and (2) follow certain procedures when issuing guidance documents.  

The Red Tape Reduction Act, also known as Bill 118 hr 4067, is a piece of legislation currently being considered by the US Congress. The main goal of this bill is to reduce the amount of bureaucratic red tape that businesses and individuals face when dealing with government regulations.

The bill aims to streamline the regulatory process by requiring federal agencies to conduct thorough cost-benefit analyses before implementing new regulations. This would ensure that regulations are necessary and effective, while also minimizing the burden on businesses and individuals.

Additionally, the Red Tape Reduction Act would require agencies to periodically review existing regulations to identify and eliminate any that are outdated, unnecessary, or overly burdensome. This would help to ensure that regulations remain relevant and effective in today's rapidly changing economy. Overall, the Red Tape Reduction Act seeks to promote efficiency, transparency, and accountability in the regulatory process, ultimately benefiting businesses, individuals, and the economy as a whole. It is currently being debated in Congress, with supporters arguing that it will help to spur economic growth and job creation, while opponents raise concerns about potential negative impacts on public health and safety.
Alternative Names
Official Title as IntroducedTo rescind the Executive order relating to the revocation of certain Executive orders concerning Federal regulation and to codify certain Executive orders.
Policy Areas
Government Operations and Politics

Comments

Related

Committee:  Judiciary
Committee:  Oversight and Accountability

Recent Activity

Latest Summary11/1/2024

Red Tape Reduction Act

This bill grants the force and effect of law to various executive orders relating to administrative procedures that were rescinded on January 20, 2021, including orders requiring agencies to (1) ide...

Latest Action6/13/2023
Referred to the Committee on Oversight and Accountability, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction...