The Regulatory Cooling Off Act of 2024 would delay when federal agencies' new rules take effect by extending the waiting period from 30 days to 6 months after a rule is finalized. The bill affects all federal agencies and the businesses, organizations, and individuals subject to their regulations by giving them more time to prepare for or challenge new rules. The legislation also requires agencies to submit finalized rules to Congress at least 6 months before they take effect, post rules online at least 24 hours before publishing them in the Federal Register, and extend Congress's review period from 60 days to 6 months to potentially block rules through joint resolution. This bill applies to all future federal rulemaking and creates no specific funding requirements, though it would likely increase administrative costs for agencies managing longer implementation timelines.
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