Principled Rulemaking Act of 2015

Bill 114 s 1818, also known as the Principled Rulemaking Act of 2015, is a piece of legislation introduced in the US Congress. The main purpose of this bill is to establish guidelines for federal agencies when they are creating new regulations.

The bill aims to ensure that federal agencies follow a transparent and accountable process when developing new rules. It requires agencies to provide a detailed explanation of the need for the regulation, as well as the potential costs and benefits. Additionally, the bill requires agencies to consider alternatives to the proposed regulation and to solicit public input before finalizing the rule.

One of the key provisions of the Principled Rulemaking Act is the requirement for agencies to conduct a cost-benefit analysis of any new regulation. This analysis must take into account the impact of the regulation on small businesses and other stakeholders. The bill also requires agencies to periodically review existing regulations to determine if they are still necessary and effective. Overall, the Principled Rulemaking Act of 2015 aims to promote transparency, accountability, and efficiency in the rulemaking process. It seeks to ensure that federal regulations are based on sound evidence and analysis, and that they do not impose unnecessary burdens on businesses and individuals.