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RED Tape Act of 2023

Source: Congress.gov  ·  1,037 words in original text
This bill requires government agencies to repeal or amend at least two existing rules before they can issue or amend a rule that creates new financial or administrative burdens on businesses or people. The agency leader must also certify that the cost of the new rule does not exceed the cost of the rules being repealed or amended. ##
- Government agencies that issue rules - Businesses in the United States - People of the United States who are subject to government regulations ##
- Agencies cannot issue a new rule that creates financial or administrative burden unless they first repeal two or more existing burden-causing rules, and the new rule's cost is equal to or less than the repealed rules' cost (Sec. 2(b)(1)(A)) - Agencies cannot issue a rule that modifies an existing rule unless they first repeal or amend two or more existing burden-causing rules, and the new rule's cost is equal to or less than the repealed or amended rules' cost (Sec. 2(b)(1)(B)) - This requirement does not apply to rules about an agency's internal policies, practices or purchasing, or to rules being changed to reduce requirements or compliance costs (Sec. 2(b)(2)) - Agencies must submit a list every six months to the Office of Information and Regulatory Affairs showing which burden-causing rules they plan to issue, repeal or amend, along with the cost of each rule (Sec. 2(d)(1)) - Agencies cannot issue a burden-causing rule unless they follow the reporting requirements described above (Sec. 2(d)(2)) ##
Agencies must now balance any new rules that burden businesses or people by eliminating older rules first. The agency leader must decide which existing rules to remove and prove that the new rule does not cost more than the rules being removed. Agencies must also publicly report their plans twice a year. ##
- **Agency**: A government organization as defined in federal law (Sec. 2(a)(1)) - **Covered rule**: A rule that creates new financial or administrative burden on businesses or people in the United States, as decided by the agency leader (Sec. 2(a)(2)) - **Rule**: Regulations issued by an agency, including rules issued because of executive orders, presidential memorandums, or agency guidance documents, bulletins or press releases (Sec. 2(a)(3)) - **Unified Agenda**: The Unified Agenda of Federal Regulatory and Deregulatory Actions (Sec. 2(a)(4)) ##
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.