Regulatory Review Improvement Act of 2024

Bill 118 hr 9085, also known as the Regulatory Review Improvement Act of 2024, aims to improve the process by which federal regulations are reviewed and implemented. The bill seeks to increase transparency and accountability in the regulatory process by requiring agencies to provide detailed justifications for new regulations and to conduct thorough cost-benefit analyses before implementing them.

Additionally, the bill includes provisions to streamline the regulatory review process, such as establishing deadlines for agencies to complete reviews and requiring agencies to consider the impact of regulations on small businesses and other stakeholders. The bill also aims to reduce regulatory burdens on businesses and individuals by requiring agencies to periodically review existing regulations to determine if they are still necessary or effective.

Overall, the Regulatory Review Improvement Act of 2024 seeks to promote more efficient and effective regulation while also ensuring that regulations are based on sound evidence and analysis. The bill has received bipartisan support in Congress and is seen as a positive step towards improving the regulatory process in the United States.