Relating to: requirements for proposed administrative rules that impose costs. (FE)
Fiscal estimate received
Summary
The bill forces state agencies to halt rulemaking if an economic impact analysis shows $4 million (or $10 million, as applicable) or more in implementation costs over two years, unless the rule is revised to lower costs. It also bars agencies from breaking a single costly rule into multiple rules to evade this limit. The change aims to protect businesses, local governments and individuals from hidden regulatory expenses.
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