Restoring Checks and Balances Act

Bill 119 HR 1226, also known as the "Regulatory Sunset Act of 2021," aims to establish a process for reviewing and potentially ending new federal regulations after they have been in effect for five years. The bill is designed to promote accountability and efficiency in the regulatory process by requiring agencies to conduct a comprehensive review of regulations to determine their effectiveness and necessity.

Under the provisions of the bill, agencies would be required to submit a report to Congress detailing the impact of the regulation on the economy, public health, and other relevant factors. Congress would then have the opportunity to vote on whether to allow the regulation to continue or to sunset it.

The bill also includes provisions for expedited review of regulations that have a significant economic impact or are deemed to be overly burdensome. Additionally, the bill requires agencies to provide regular updates on the status of regulations and their impact on the public. Overall, the Regulatory Sunset Act of 2021 seeks to ensure that federal regulations are regularly reviewed and evaluated to determine their effectiveness and necessity. By establishing a process for sunset review, the bill aims to promote transparency, accountability, and efficiency in the regulatory process.