Regulation Decimation Act

Hozzl · 2025-02-21T12:08:22Z

Explore the details of House Bill 710 Regulation Decimation Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

2/21/2025, 12:08 PM

Summary of Bill HR 710

Bill 119 HR 710, also known as the "Regulatory Reform Act of 2021," aims to require federal agencies to repeal ten existing regulations for every new regulation they propose. The bill is designed to streamline the regulatory process and reduce the overall burden of regulations on businesses and individuals.

Under the proposed legislation, federal agencies would be required to identify and repeal ten existing regulations that are outdated, unnecessary, or overly burdensome before they can implement a new regulation. This process is intended to ensure that new regulations are carefully considered and that the regulatory environment is not overly burdensome for businesses and individuals.

In addition to the requirement to repeal existing regulations, the bill also includes provisions to increase transparency and accountability in the regulatory process. Agencies would be required to provide detailed justifications for new regulations, including an analysis of the costs and benefits of the proposed regulation. This information would be made available to the public for review and comment before the regulation is finalized. Overall, Bill 119 HR 710 seeks to promote a more efficient and effective regulatory process by requiring agencies to carefully consider the impact of new regulations and to eliminate outdated or unnecessary regulations. The bill is intended to strike a balance between protecting public health and safety and promoting economic growth and innovation.

Congressional Summary of HR 710

Regulation Decimation Act

This bill requires federal agencies to repeal certain existing rules prior to issuing a new rule.

Specifically, the bill prohibits an agency from issuing a rule that imposes a cost or responsibility on a nongovernmental person or a state or local government unless it repeals ten or more related rules.

Additionally, an agency may not issue a major rule that imposes such a cost or responsibility unless (1) the agency has repealed ten or more related rules, and (2) the cost of the new rule is less than or equal to the cost of the rules being repealed. A major rule is a rule that has resulted in or is likely to result in (1) an annual economic effect of at least $100 million; (2) a major increase in costs or prices for consumers, individual industries, government agencies, or geographic regions; or (3) significant adverse effects on competition, employment, investment, productivity, or innovation.

Any such repealed rule must be published in the Federal Register.

This bill does not apply to a rule or major rule that (1) relates to an internal agency policy or practice, (2) relates to procurement, or (3) is being revised to be less burdensome to decrease requirements imposed or compliance costs.

Additionally, each federal agency must submit to Congress and the Office of Management and Budget a report that includes a review of each rule of the agency and that identifies whether each rule is costly, ineffective, duplicative, or outdated.

Current Status of Bill HR 710

Bill HR 710 is currently in the status of Bill Introduced since January 23, 2025. Bill HR 710 was introduced during Congress 119 and was introduced to the House on January 23, 2025. Bill HR 710's most recent activity was Referred to the Committee on Oversight and Government Reform, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. as of January 23, 2025