Regulation Decimation Act

Bill 119 s 712, also known as the "Regulatory Improvement Act," is a proposed piece of legislation in the US Congress. The main purpose of this bill is to require federal agencies to repeal ten existing regulations for every new regulation they want to implement. This is aimed at reducing the overall number of regulations in order to streamline the regulatory process and make it more efficient.

The bill also includes provisions for agencies to conduct cost-benefit analyses of regulations and to prioritize regulations that are outdated, unnecessary, or overly burdensome. Additionally, the bill requires agencies to provide detailed justifications for new regulations and to seek public input before implementing them.

Overall, the Regulatory Improvement Act seeks to promote regulatory reform and reduce the regulatory burden on businesses and individuals. It is intended to ensure that regulations are necessary, effective, and not overly burdensome on the economy.