In Brief: Regulatory Sunset and Review Act
This article was originally published in The Tan Sheet
Regulatory Sunset and Review Act: House Government Reform and Oversight Committee expects to consider HR 994 in early June. The Subcommittee on National Economic Growth, Natural Resources & Regulatory Affairs adopted the measure without amendment on May 18. Subcommittee Chairman David McIntosh (R-Ind.) describes the bill as "the next wave in regulatory reform" because it applies to existing regulations rather than new rules. Introduced by Reps. John Mica (R-Fla.) and Jim Chapman (D-Tex.), the bill would require agencies to review existing regs every seven years by applying risk assessment and cost-benefit standards. Rules would either remain in effect, or be modified, consolidated, or terminated. An identical measure was introduced in the Senate (S 511) by Sens. Pete Domenici (R-N.M.) and Spencer Abraham (R-Mich.) on March 7. Parts of the sunset bill are incorporated into pending Senate regulatory reform bills...
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