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RED TAPE Act
12/5/2025, 10:58 PM
Summary of Bill S 148
If passed, this legislation would require all regulatory analyses to only consider factors that can be monetized or quantified in a meaningful way. This means that regulators would not be able to take into account factors such as social or environmental impacts that cannot be easily translated into monetary terms.
The bill also includes provisions for ensuring that regulatory analyses are conducted by qualified individuals with expertise in economics and data analysis. This is intended to prevent the use of biased or inaccurate information in regulatory decision-making. Overall, the goal of Bill 119 s 148 is to promote transparency and objectivity in the regulatory process, and to ensure that regulatory decisions are based on sound economic principles.
Congressional Summary of S 148
Regulations Evaluated to Determine The Anticipated Price and Effect Act or the RED TAPE Act
This bill prohibits federal agencies from considering any nonmonetized or unquantified factor when conducting a regulatory impact analysis or benefit-cost analysis for any proposed rule, final rule, or interim final rule.
Each agency must publish each regulatory impact analysis and benefit-cost analysis conducted by the agency with respect to a proposed rule, final rule, or interim final rule.
Additionally, the Office of Management and Budget may not (1) authorize or endorse an agency's use of any nonmonetized or unquantified factor when conducting a regulatory impact analysis or benefit-cost analysis on any proposed rule, final rule, or interim final rule; or (2) consider any nonmonetized or unquantified factor presented in a regulatory impact analysis or benefit-cost analysis of another agency.
The bill provides for judicial review of a rule issued by an agency that considered a nonmonetized or unquantified factor when conducting a regulatory impact or benefit-cost analysis. If a court finds that an agency relied upon such a factor to evaluate a final rule or interim final rule, the court must declare the rule invalid.
The bill takes effect 30 days after enactment.
