HR998: Searching for and Cutting Regulations that are Unnecessarily Burdensome Act

This bill establishes the Retrospective Regulatory Review Commission to review the Code of Federal Regulations to identify rules that should be repealed to lower the cost of regulation to the economy, giving priority to major rules that: (1) have been in effect more than 15 years, (2) impose paperwork burdens or unfunded mandates that could be reduced substantially without significantly diminishing regulatory effectiveness, (3) impose disproportionately high costs on small business entities, and (4) could be strengthened in their effectiveness while reducing regulatory costs. The bill prohibits the reissuance of a rule similar to any rule that has been repealed or that results in the same adverse effects of a repealed rule.

The commission must establish a public website to make regulatory information accessible to the public at no cost.

Federal agencies making a new rule must: (1) repeal rules identified by the commission to offset the cost to the economy of such new rule (cut-go procedures), and (2) include in the final issuance of such rule a plan for reviewing the rule not later than 10 years after it is promulgated. The Office of Information and Regulatory Affairs of the Office of Management and Budget must review and certify the accuracy of agency determinations of the cost of new rules.

Agency compliance with this bill is subject to judicial review.