Lessening Regulatory Costs and Establishing a Federal Regulatory Budget Act of 2021

Summary

Lessening Regulatory Costs and Establishing a Federal Regulatory Budget Act of 2021 This bill establishes procedures and provides statutory authority to reduce the number of federal regulations. Specifically, it requires each agency to establish a regulatory reform task force chaired by a designated regulatory reform officer. Each task force must, among other duties (1) review each existing agency regulation; (2) estimate the potential cost savings of repealing or modifying each regulation; and (3) identify regulations that are appropriate for repeal, replacement, or modification based on cost, effectiveness, and impact on employment. The bill further provides statutory authority for the executive order prohibiting agencies from issuing a new regulation with an economic impact of at least $100 million without identifying two regulations for repeal that will offset the cost of the proposed new regulation. Agencies also must submit a list of all planned regulatory actions for inclusion in the semiannual Unified Agenda of Federal Regulatory and Deregulatory Actions, including (1) the estimated economic effect of each action, and (2) proposed deregulatory actions to offset the cost of each proposed new regulation. Additionally, the Office of Management and Budget must establish an annual regulatory budget for each federal agency that specifies the net allowable increase in regulatory costs for each agency during the next fiscal year.

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Timeline

1. 11 February 2021

   Introduced

   Referred to the House Committee on Oversight and Reform.

   Source: IntroReferral

2. 11 February 2021

   Introduced

   Introduced in House

   Source: IntroReferral

3. 11 February 2021

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 11 February 2021 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 11 February 2021

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 11 February 2021

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 11 February 2021

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Sen. Budd, Ted [R-NC] · R · Sponsor
• Rep. Gaetz, Matt [R-FL-1] · R · Sponsor
• Rep. DesJarlais, Scott [R-TN-4] · R · Sponsor
• Rep. Perry, Scott [R-PA-10] · R · Sponsor
• Rep. Hice, Jody B. [R-GA-10] · R · Sponsor
• Rep. Arrington, Jodey C. [R-TX-19] · R · Cosponsor
• Rep. Norman, Ralph [R-SC-5] · R · Cosponsor
• Rep. Hinson, Ashley [R-IA-2] · R · Cosponsor
• Rep. Cline, Ben [R-VA-6] · R · Cosponsor
• Rep. Simpson, Michael K. [R-ID-2] · R · Cosponsor
• Rep. Good, Bob [R-VA-5] · R · Cosponsor
• · hsgo00 · Standing

Related records

• related to ← Reducing Regulatory Burdens Act