INDEX Act

The INDEX Act, also known as Bill 118 s 2700, is a piece of legislation currently being considered by the US Congress. The main purpose of this bill is to establish a national database of information related to federal regulations. This database would be known as the Independent Regulatory Index (INDEX) and would be accessible to the public.

The INDEX Act aims to increase transparency and accountability in the regulatory process by providing a centralized location for individuals and businesses to access information about federal regulations. This database would include details such as the purpose of the regulation, the agency responsible for enforcing it, and any associated costs or benefits.

Additionally, the bill includes provisions for the regular review and updating of the INDEX database to ensure that the information remains accurate and up-to-date. It also requires agencies to submit reports to Congress on the impact of regulations on the economy and small businesses. Overall, the INDEX Act seeks to streamline the regulatory process and make it easier for individuals and businesses to understand and comply with federal regulations. It is intended to promote greater transparency and accountability in the regulatory process, ultimately benefiting the American public.