Bill 119 s 30, also known as the "Regulatory Reform Act," is a proposed piece of legislation in the US Congress that aims to require each federal agency to repeal three existing regulations for every new regulation they issue. The bill is designed to reduce the overall number of regulations in place and streamline the regulatory process.
The main goal of the bill is to decrease the regulatory burden on businesses and individuals by ensuring that new regulations are only implemented if they are deemed necessary and beneficial. By requiring agencies to repeal existing regulations before issuing new ones, the bill aims to promote efficiency and prevent unnecessary regulatory overlap.
In addition to the requirement to repeal three regulations for every new one, the bill also includes provisions for agencies to conduct regular reviews of their existing regulations to identify outdated or unnecessary rules that can be eliminated. This process is intended to ensure that regulations are kept up-to-date and relevant to current needs.
Overall, Bill 119 s 30 seeks to promote regulatory reform and reduce the regulatory burden on businesses and individuals. It aims to create a more efficient and effective regulatory system that benefits both the government and the public.