This concurrent resolution establishes a temporary Joint Select Committee on Regulatory Reform to review how federal agencies create rules and regulations. The 30-member committee, composed equally of Senate and House members from both parties, will examine the rulemaking process, hold hearings on regulatory overreach, and identify outdated rules for potential repeal. The committee will analyze whether Congress should create a permanent review process requiring agencies to seek congressional advice before issuing major regulations and to delay implementation for up to one year to allow congressional review of rules affecting the economy by $50 million or more annually. The resolution provides $3 million in funding for the committee's operations and requires it to submit findings and legislative recommendations to Congress within 90 days of its termination, which occurs one year after members are appointed. This measure aims to increase congressional oversight of federal regulations, which currently number over 3,000 annually across more than 50 agencies.
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