# Summary
The Regulations from the Executive in Need of Scrutiny Act of 2024 (S. 5082) would fundamentally change how federal agencies issue rules by requiring congressional approval before major regulations can take effect. Under the bill, federal agencies must submit detailed reports on any major rule to Congress before it becomes law, and Congress would have 70 days to pass a joint resolution approving the rule or it automatically dies. Nonmajor rules would face a similar but less stringent process with a 60-day disapproval window. A "major rule" is defined as one costing the economy $100 million annually or causing significant adverse effects on competition, employment, or innovation. The bill also requires agencies to offset new regulatory costs with deregulatory actions, limits major rules to ten-year terms requiring re-approval, mandates publication of guidance documents online, and establishes a federal regulatory budget overseen by the Office of Management and Budget. The legislation includes narrow emergency exceptions for threats to health, safety, national security, and international trade agreements, while excluding monetary policy actions by the Federal Reserve.
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