|Posted:||December 22, 2020 10:06 AM|
|From:||Senator Michele Brooks|
|To:||All Senate members|
|Subject:||Automatic Three-Year Review of Economically Significant Regulations|
|I will be reintroducing Senate Bill 609 from last session, which will provide for a one-time automatic review of all economically significant regulations established after the effective date of the bill’s enactment.
An “economically significant regulation” is defined as one that has a fiscal impact on the Commonwealth, its political subdivisions, or the private sector that exceeds $1 million annually. After the regulation has been in effect for three years, the agency promulgating the regulation must review it and then report to the Independent Regulatory Review Commission (IRRC) the following findings:
Senate Bill 609 was previously cosponsored by Senators Browne, Argall, Aument, DiSanto, Folmer, Hutchinson, Martin, Phillips-Hill, Stefano, Vogel, J. Ward, K. Ward and Mastriano.
Please join me in cosponsoring this legislation. This bill will be an important step in ensuring that inefficient and ineffective regulations are repealed in a timely manner, in order to avoid incurring unnecessary costs to the Commonwealth and its citizens. Please do not hesitate to contact my office with any questions.
Introduced as SB126