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REVIEW Act of 2023

Source: Congress.gov  ·  570 words in original text
This bill changes when government agencies can put new rules into effect. It requires agencies to delay implementing rules that would cost the economy at least one billion dollars per year until courts finish reviewing them. The bill applies to rules that the Office of Management and Budget's Office of Information and Regulatory Affairs determines are "high-impact rules."
Government agencies that create rules. The Office of Management and Budget. People and businesses affected by new government regulations. Courts that review government rules.
• High-impact rules (rules expected to cost the economy at least one billion dollars annually) cannot be published or take effect until the agency sends the rule to the Office of Management and Budget's Office of Information and Regulatory Affairs and that office determines whether it is a high-impact rule. (Sec. 2) • Agencies must delay the
Rules that cost the economy one billion dollars or more per year will not take effect while being challenged in court. Previously, these rules could take effect immediately.
"High-impact rule" means any rule that the Office of Management and Budget's Office of Information and Regulatory Affairs determines may cost the economy at least one billion dollars per year.
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.