regulatory catalog.
(c) Final report.--The pilot agencies shall report all
regulations and regulatory requirements initially identified for
elimination, amendment or streamlining to the office by July 1,
2023, including:
(1) Any regulation proposed for elimination or
modification that requires a change in State law.
(2) Initiation of any reforms, through a rulemaking or
nonregulatory action, that produce a reduction of the
equivalent of 25% of the regulations and regulatory
requirements contained in the pilot agencies baseline
regulatory catalog.
(d) Failure to meet reduction goal.--If a pilot agency is
unable to reach any of the reduction goals under subsection (a),
(b) or (c), the pilot agency shall provide a separate report to
the Governor, the General Assembly and the s ecretary stating the
reasons for not meeting the goal.
§ 4405. Reporting.
(a) Annual report.--The secretary shall report annually to
the President pro tempore of the Senate and the Speaker of the
House of Representatives no later than October 1, 2021, and
October 1, 2022, on the progress of the regulatory reduction
pilot program established under this section.
(b) Failure to meet reduction percentage.--If, by July 1,
2022, the regulatory reduction pilot program has achieved less
than a 15% total reduction in regulatory requirements across
both pilot agencies, either by initiating rulemaking actions or
other streamlining actions, the secretary shall include the
reasons for not meeting the target reduction in the next
available annual report to the President pro tempore of the
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