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RED Tape Act of 2023

Source: Congress.gov  ·  1,010 words in original text
This bill requires government agencies to repeal or amend at least 2 existing rules before they can issue or amend rules that create new financial or administrative burdens. The cost of any new rule must be equal to or less than the cost of the rules being removed. The bill applies to most government regulations, though some exceptions exist.
Government agencies that issue rules and regulations, businesses in the United States, and the American people who are subject to those rules.
* Before issuing a brand new rule that creates financial or administrative burden, an agency must first repeal at least 2 existing rules that create similar burdens, and the new rule must cost the same or less (Sec. 2(b)(1)(A)). * Before amending an existing rule that creates new financial or administrative burden, an agency must first repeal or amend at least 2 other existing rules that create similar burdens, and the amended rule must cost the same or less (Sec. 2(b)(1)(B)). * Agencies must consider whether old rules still work, whether costs outweigh benefits, whether rules became outdated, and whether rules overlap with new ones before deciding which rules to repeal (Sec. 2(c)). * Every 6 months, agencies must submit a list to the Office of Information and Regulatory Affairs showing which rules they plan to issue, repeal or amend, and the cost of each rule (Sec. 2(d)(1)). * Rules about an agency's own internal policies, hiring practices or purchasing do not have to follow these requirements (Sec. 2(b)(2)(A)).
Agencies can no longer create new rules or expand existing rules without first removing other rules of equal or greater cost. Agencies must publicly report their planned rule changes every 6 months. Rules designed to reduce burden and compliance costs are exempt from this requirement.
* "Covered rule" means any rule that creates new financial or administrative burden on businesses or people in the United States, as decided by the agency leader. * "Rule" includes regulations issued by agencies and rules created because of executive orders, presidential memorandums, guidance documents, bulletins or press releases.
Not specified in bill text
Important: This plain English summary was generated by AI and is provided for informational purposes only. It is not legal advice. Always consult the official bill text on Congress.gov or a qualified attorney for legal matters.