To establish an independent advisory committee to review certain regulations, and for other purposes.
About This Bill
Committee
Latest Action · April 14, 2022
Referred to the Committee on Oversight and Reform, and in addition to the Committee on Rules, 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.
Cut Red Tape Act of 2022
This bill establishes in the legislative branch the Regulatory Improvement Commission to make recommendations and propose legislation for modification, consolidation, or repeal of regulations that have been finalized not later than 10 years before the establishment of the commission for the purpose of reducing compliance costs, encouraging growth and innovation, improving competitiveness, and protecting public safety.
The commission must give priority to such regulations that (1) impose disproportionately high costs on a small entity, (2) create substantial recurring paperwork burdens or transaction costs, or (3) could be made more effective while reducing regulatory costs.
The bill sets forth reporting requirements for the commission and procedures for congressional consideration of commission reports, recommendations, and proposed legislation.
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