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Cutting Unnecessary Regulatory Burdens Act
12/31/2022, 4:59 AM
Summary of Bill HR 4047
Bill 117 HR 4047, also known as the Cutting Unnecessary Regulatory Burdens Act, aims to reduce unnecessary regulations that may be hindering businesses and economic growth. The bill focuses on streamlining the regulatory process and eliminating red tape that may be burdensome to businesses.
The main provisions of the bill include requiring federal agencies to conduct a cost-benefit analysis of proposed regulations to ensure that they are necessary and not overly burdensome. The bill also calls for the establishment of a Regulatory Reform Task Force to review existing regulations and identify those that can be eliminated or modified to reduce unnecessary burdens on businesses.
Additionally, the bill includes provisions to increase transparency in the regulatory process, such as requiring agencies to provide more opportunities for public input and feedback on proposed regulations. The bill also aims to improve coordination between federal agencies to avoid duplicative or conflicting regulations. Overall, the Cutting Unnecessary Regulatory Burdens Act seeks to promote a more efficient and effective regulatory environment that supports economic growth and job creation. It is intended to strike a balance between protecting public health and safety while also ensuring that regulations are not overly burdensome to businesses.
The main provisions of the bill include requiring federal agencies to conduct a cost-benefit analysis of proposed regulations to ensure that they are necessary and not overly burdensome. The bill also calls for the establishment of a Regulatory Reform Task Force to review existing regulations and identify those that can be eliminated or modified to reduce unnecessary burdens on businesses.
Additionally, the bill includes provisions to increase transparency in the regulatory process, such as requiring agencies to provide more opportunities for public input and feedback on proposed regulations. The bill also aims to improve coordination between federal agencies to avoid duplicative or conflicting regulations. Overall, the Cutting Unnecessary Regulatory Burdens Act seeks to promote a more efficient and effective regulatory environment that supports economic growth and job creation. It is intended to strike a balance between protecting public health and safety while also ensuring that regulations are not overly burdensome to businesses.
Congressional Summary of HR 4047
Cutting Unnecessary Regulatory Burdens Act
This bill generally requires agencies to repeal at least two rules before promulgating a major rule (i.e., a rule with a significant economic impact, cost to consumers, or adverse effects on competition). Further, unless required by law, an agency may not issue a rule that exceeds the total cost of the rules to be repealed without approval by the Office of Management and Budget.
These requirements do not apply to major rules related to agency procedures, the Armed Forces, national security, or foreign affairs.
Read the Full Bill
Current Status of Bill HR 4047
Bill HR 4047 is currently in the status of Bill Introduced since June 22, 2021. Bill HR 4047 was introduced during Congress 117 and was introduced to the House on June 22, 2021. Bill HR 4047's most recent activity was Referred to the Subcommittee on the Constitution, Civil Rights, and Civil Liberties. as of November 1, 2022
Bipartisan Support of Bill HR 4047
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
24Democrat Cosponsors
0Republican Cosponsors
24Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 4047
Primary Policy Focus
Government Operations and PoliticsPotential Impact Areas
- Administrative law and regulatory procedures
- Competition and antitrust
- Consumer affairs
- Economic performance and conditions
Alternate Title(s) of Bill HR 4047
To direct the head of each agency to repeal at least two rules before adopting a proposed rule, and for other purposes.
Cutting Unnecessary Regulatory Burdens Act
Cutting Unnecessary Regulatory Burdens Act
Comments
Sponsors and Cosponsors of HR 4047
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