REGULATORY PROCESS REFORM ACT
A SENATE BILL
To reform the process of regulations being implemented by executive agencies
Be it enacted
Section I: Title
1. This bill shall be called the Regulatory Process Reform Act.
2. This act shall take effect thirty (30) days from the date of passage.
Section II: Process Changes
1. A cost benefit analysis shall be required to be done of any regulations proposed by an executive agency before the regulation gets implemented.
2. Any regulation deemed to have a higher cost than a benefit, shall not be implemented unless that regulation is approved by statute.
3. Future Regulations which are implemented are required to periodically have a cost benefit analysis every five (5) years after implementation to see if the benefits of the regulation outweigh the costs. Any such regulation that has a higher cost than a benefit shall be unenforceable unless that regulation is approved or reapproved by statute.
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