S.30 - Expediting Reform And Stopping Excess Regulations Act; ERASER Act (119th Congress)
Summary
The ERASER Act (S.30) mandates that for every new regulation issued by a federal agency, three existing regulations must be repealed. This applies to all rules impacting non-governmental entities or state/local governments, excluding internal agency management or procurement rules. The Act also requires a Government Accountability Office (GAO) study every five years to assess the total number and economic cost of existing regulations.
Expected Effects
The Act aims to reduce the overall regulatory burden on businesses and individuals. This could lead to streamlined processes and potentially lower compliance costs. However, it could also result in the removal of regulations that provide important protections.
Potential Benefits
- Potential reduction in regulatory compliance costs for businesses.
- Simplification of regulatory landscape.
- Increased efficiency in government operations by forcing agencies to prioritize regulations.
- Potential for innovation as outdated regulations are removed.
- Increased transparency through the publication of repealed rules in the Federal Register.
Most Benefited Areas:
Potential Disadvantages
- Potential removal of beneficial regulations related to public health, safety, or the environment.
- Risk of agencies prioritizing deregulation over public interest.
- Increased uncertainty as agencies adjust to the new requirements.
- Potential for unintended consequences as regulations are repealed without full consideration of their impact.
- The cost certification process by the Office of Information and Regulatory Affairs (OIRA) could become a bottleneck.
Constitutional Alignment
The Act's focus on regulatory reform aligns with the principle of limited government, though the Constitution does not explicitly address regulatory processes. Article I, Section 1 vests legislative powers in Congress, which implicitly includes the power to oversee and regulate executive agencies. The Act's requirement for GAO studies and reports to Congress supports congressional oversight, aligning with constitutional principles of checks and balances.
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).