Bill 119 HR 67, also known as the "Improving Retrospective Reviews of Federal Regulations Act," aims to enhance the process of reviewing and evaluating existing federal regulations. The bill seeks to ensure that regulations are regularly assessed for their effectiveness, efficiency, and impact on businesses and individuals.
One key provision of the bill is the establishment of a Retrospective Regulatory Review Commission, which will be responsible for conducting comprehensive evaluations of existing regulations. The commission will assess whether regulations are achieving their intended goals, identify any unintended consequences, and recommend changes or repeal of regulations that are no longer necessary or effective.
Additionally, the bill requires federal agencies to conduct regular reviews of their regulations and report their findings to Congress and the public. This transparency and accountability measure aims to ensure that regulations are continuously evaluated and updated to reflect changing circumstances and priorities.
Overall, Bill 119 HR 67 seeks to promote good governance and regulatory efficiency by improving the process of reviewing and updating federal regulations. By enhancing retrospective reviews, the bill aims to ensure that regulations are effective, efficient, and responsive to the needs of businesses and individuals.