Referred to the Committee on the Judiciary, and in addition to the Committee on Small Business, 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.
This bill strengthens requirements for federal agencies to regularly review their existing regulations. Currently, agencies must plan to review all rules within ten years, but this legislation removes that planning requirement and makes periodic review mandatory without a formal timeline. The bill also requires agencies to publish an annual list identifying which rules do not have significant economic impact on small businesses. Additionally, it changes the legal consequences when courts find an agency failed to conduct proper rule reviews—instead of just ordering the agency to comply, courts would now be required to prohibit enforcement of that rule entirely. The legislation affects all federal agencies and their regulatory processes, with particular attention to how regulations impact small businesses, and applies to both existing rules and future regulations adopted after the law's enactment.
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