H.R.67 - Modernizing Retrospective Regulatory Review (119th Congress)
Summary
H.R.67, the "Modernizing Retrospective Regulatory Review Act," aims to improve the review process of existing federal regulations. The bill mandates reports on the availability of regulations in machine-readable format and requires guidance on using technology, including AI, to conduct retrospective reviews more efficiently. It also requires agencies to submit plans for implementing these improvements.
Expected Effects
The bill seeks to streamline regulatory review by leveraging technology and improving data accessibility. This could lead to the identification and removal of obsolete, ineffective, or overly burdensome regulations. Ultimately, this may result in cost savings for both the government and regulated entities.
Potential Benefits
- Increased Efficiency: Using technology like AI can make regulatory reviews faster and more accurate.
- Reduced Burden: Identifying and removing outdated or redundant regulations can lower compliance costs for businesses.
- Improved Clarity: Correcting errors and inconsistencies in regulations makes them easier to understand and follow.
- Better Resource Allocation: Streamlining the review process allows agencies to focus on more pressing issues.
- Enhanced Transparency: Making regulations machine-readable improves public access and understanding.
Potential Disadvantages
- Implementation Costs: Agencies may face initial costs in procuring and implementing new technologies.
- Potential Bias: Algorithmic tools and AI could introduce biases if not properly designed and monitored.
- Training Requirements: Agency personnel will need training to effectively use the new technologies.
- Complexity: The bill adds another layer of bureaucracy and reporting requirements.
- Unintended Consequences: Changes to regulations could have unforeseen negative impacts on certain sectors or stakeholders.
Constitutional Alignment
The bill appears to align with the Constitution, particularly Article I, Section 8, which grants Congress the power to regulate commerce. By improving the efficiency and effectiveness of regulatory review, the bill supports Congress's ability to oversee and manage the regulatory landscape. The emphasis on transparency and accessibility also aligns with principles of due process and public accountability.
Impact Assessment: Things You Care About ⓘ
This action has been evaluated across 19 key areas that matter to you. Scores range from 1 (highly disadvantageous) to 5 (highly beneficial).