US Federal House Bill HB572

US Federal 2025-2026 Regular Session

• Introduced: 1/21/25
• Refer: 1/21/25

Caption

RED TAPE Act Regulations Evaluated to Determine The Anticipated Price and Effect Act

Impact

If passed, HB572 is set to amend Chapter 6 of Title 5 of the United States Code, explicitly prohibiting agencies from including non-monetized factors in their analyses. The potential implications are multifold, mainly emphasizing a stricter, more quantifiable approach to regulation. Advocates of the bill argue that this will streamline regulatory processes, ensuring compliance is more straightforward and that regulations only introduced will have a direct monetary benefit. However, the emphasis on quantifiability may overlook significant factors like environmental or social costs, which can be challenging to monetize.

Summary

House Bill 572, titled the 'RED TAPE Act', seeks to prohibit the consideration of non-monetized or unquantified factors in regulatory impact analyses and benefit-cost analyses for proposed government rules. The legislation mandates that all federal agencies prioritize tangible, measurable financial benefits in their decision-making processes, thereby aiming to enhance regulatory clarity and efficiency. This would require that governmental regulations yield obvious economic benefits to the public and private sectors, effectively minimizing unnecessary regulatory burdens or costs associated with compliance.

Contention

There are notable areas of contention surrounding the bill. Critics argue that the legislation could undermine the flexibility needed to assess critical qualitative factors that are crucial for comprehensive regulatory assessments, such as public health or environmental impacts. Additionally, the provision allowing for judicial review could lead to increased litigation against agencies, altering the regulatory landscape. Proponents maintain that these changes will help eliminate excessive bureaucracy and create a more conducive environment for businesses by ensuring only economically beneficial regulations are implemented.

Congress_id

119-HR-572

Policy_area

Government Operations and Politics

Introduced_date

2025-01-21