Why This Matters
This bill aims to improve how government agencies make rules by requiring them to consider various factors, including economic impacts and alternatives. It helps ensure that new regulations are well thought out and beneficial.
If you run a business, new regulations could be more carefully evaluated before they are put in place.
Affects: Government agencies and the businesses and individuals affected by their rules.
What changes is this bill making?
1. This bill changes how government agencies create rules and regulations. 2. Agencies must consider the economic impact of new rules before implementing them. 3. The bill requires agencies to explore multiple options for addressing problems. 4. It defines terms like 'major rule' and 'guidance' to clarify their importance. 5. Agencies must assess whether existing laws contribute to the issues they aim to solve.
Who is affected?
Government agencies and the businesses and individuals affected by their rules.