The bill aims to require federal agencies to consider the costs and benefits of regulations, enhance public participation in the rulemaking process, and ensure that regulations are consistent with statutory authority. It proposes provisions such as cost-benefit analysis requirements for major rules, increased transparency in rulemaking, and limitations on agency authority. The bill seeks to streamline regulatory processes, reduce regulatory burdens on businesses and individuals, and promote accountability in the development of regulations by federal agencies.
2024-02-12: Bill Number Assigned
2024-02-13: Received for Introduction
2024-02-16: Did not Consider for Introduction
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