The Regulatory Cooling Off Act requires federal agencies to delay the effective date of new regulations by six months after they are finalized, substantially extending the current 30-day waiting period. The bill also mandates a 60-day public comment period (up from the current standard), requires agencies to submit final rules to Congress at least six months before they take effect, and requires agencies to post rules on their websites at least 24 hours before formal publication. Congress would gain a six-month review period to potentially block rules through joint resolution, replacing the current 60-day window. The legislation affects all federal regulatory agencies and applies to their rulemaking processes under the Administrative Procedure Act.
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