Regulation Decimation Act

Reduction of Regulatory Burdens: Under Section 2, paragraph (4), the act applies to rules that impose costs or responsibilities on nongovernmental persons or State and local governments. By requiring the repeal of ten rules before a new one is issued, it could reduce these burdens.

Cost Control for Major Rules: Section 2, paragraph (2)(A)(ii) requires that for major rules, the cost of the new rule must be less than or equal to the cost of the rules being repealed. This could prevent the implementation of expensive new major regulations.

Increased Oversight of Outdated Rules: Section 2, paragraph (5) requires agency heads to submit a report identifying rules that are costly, ineffective, duplicative, or outdated. This process aims to identify unnecessary regulatory restrictions.

Restrictions on New Regulations: Section 2, paragraph (1) states that an agency may not issue a rule unless it has repealed ten or more related rules. This could prevent the issuance of new rules if an agency cannot find enough existing rules to repeal first.

Financial Constraints on Major Rules: Section 2, paragraph (2)(A) requires that the cost of a new major rule be less than or equal to the cost of the repealed rules. This could prevent the implementation of necessary major rules if they exceed the cost of the rules being removed.