To require agencies to repeal three existing regulations before issuing a new regulation, and for other purposes.

Referred to the Committee on Oversight and Government Reform, 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 of the committee concerned.

Bill 119 HR 377, also known as the "Regulatory Sunset and Review Act of 2021," aims to require federal agencies to repeal three existing regulations for every new regulation they propose. The bill is designed to reduce the overall number of regulations in place and streamline the regulatory process.

Under this legislation, agencies would be required to identify and repeal three regulations that are outdated, unnecessary, or overly burdensome before implementing a new regulation. This process is intended to ensure that new regulations are carefully considered and that the regulatory burden on businesses and individuals is minimized.

In addition to the requirement to repeal existing regulations, the bill also includes provisions for the periodic review of existing regulations to determine their effectiveness and necessity. This review process is intended to ensure that regulations are achieving their intended goals and are not unnecessarily burdensome. Overall, Bill 119 HR 377 seeks to promote regulatory efficiency and reduce the regulatory burden on businesses and individuals. By requiring agencies to carefully consider the impact of new regulations and periodically review existing regulations, the bill aims to create a more streamlined and effective regulatory environment.