Bill · S. 973· Senate(119-S-973)
LIBERATE Act
- Introduced
- 3/12/2025
- Last activity
- 3/12/2025 — Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
- Sponsored by
- Mike Lee
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
This bill establishes the "Regulatory Oversight and Review Task Force" to evaluate Federal regulations. The Task Force includes the Director of the Office of Management and Budget, a representative from the Office of Information and Regulatory Affairs, and 16 private sector members. Members are tasked with identifying regulations that may inhibit competition, increase costs, or create barriers to entry. The group will solicit public feedback through a website and various outreach efforts. It also requires the submission of a special message to Congress detailing regulations recommended for repeal. Finally, the bill creates a specific legislative process for Congress to act on these repeal recommendations.
Yes· 3 of 6
Would business owners be better off under this?+7
The bill provides specific mechanisms to reduce regulatory burdens and barriers to entry for businesses.
Does this make it easier to run a small business?+6
The bill specifically targets regulations that create barriers to entry for small businesses and entrepreneurs.
Is this likely to grow the economy?+5
The bill aims to boost economic growth by targeting regulations that inhibit competition and capital formation.
The opposite· 3 of 9
Does this reduce how much oil, gas and coal is produced?-5
The bill aims to facilitate production rather than reduce it, potentially increasing fossil fuel reliance.
Does this better protect air, water and wildlife?-4
The bill's goal to repeal regulations could lead to a reduction in environmental oversight and protections.
Does this give people more protection from unfair business practices?-3
The emphasis on repealing regulations could potentially reduce protections currently afforded to consumers.
Who it would affect, and how
Potential Positive Impacts for People
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Increased Competition and Lower Costs: The Task Force is directed to evaluate regulations that exclude competition, create barriers to entry for businesses, or increase operating costs for manufacturing (Section 2(e)).
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Support for Entrepreneurs: The bill targets the review of regulations that create barriers for United States businesses, including startups (Section 2(e)(2)).
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Energy and Resource Security: The Task Force will evaluate regulations that impact energy production or restrict domestic mining, including critical minerals (Section 2(e)(6)-(7)).
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Public Participation: The bill mandates the creation of a public-facing website for submitting recommendations and requires the Task Force to conduct public outreach and focus groups in diverse geographic areas (Section 2(f)-(h)).
Potential Negative Impacts for People
- No Information on Direct Negative Impacts: The provided text does not explicitly list any negative consequences or burdens for individuals or groups of people; it only outlines the functions and procedures of the Task Force.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Economy And Finance
- Improves Small Business Support+6Improves Economic Growth+5Increases Job Creation+3Improves Consumer Protection-3
- Environment Energy And Infrastructure
- Reduces Gas Prices+4Reduces Fossil Fuel Production-5Improves Environmental Protections-4Improves Public Land Management-3Reduces Carbon Emissions-2
- Demographic And Interest Groups
- Good For Business Owners+7Good For Union Workers-3
- Education And Technology
- Improves Data Privacy-2Increases Big Tech Regulation-2
- Governance And Ideology
- Improves Government Transparency+5Increases Federal Power-3
- 3/12/2025
- Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
- Introduced in Senate