Us Congress 2023-2024 Regular Session

Us Congress House Bill HB7030

Introduced
1/18/24  

Caption

REG Act of 2024 Review the Expansion of Government Act of 2024

Impact

If passed, HB 7030 would likely lead to significant changes in the regulatory landscape. It proposes a comprehensive review of existing government regulations, which could result in the removal or modification of policies found to be outdated or ineffective. This could enhance the state's ability to respond swiftly to emerging challenges by allowing for more flexible governance and resource allocation. However, it may also raise concerns about the sustainability of essential services if critical regulations are rolled back without adequate scrutiny.

Summary

House Bill 7030, known as the REG Act of 2024, aims to address the expansion of government by implementing a review of current policies and procedures. The bill seeks to identify regulations that may be redundant or overly burdensome while promoting a streamlined approach to government functions. Proponents argue that this review is necessary to ensure efficiency and effectiveness in government operations, thereby reducing waste and improving service delivery to citizens.

Contention

There are notable points of contention surrounding HB 7030, primarily focused on the potential implications for public safety and welfare. Opponents of the bill express fears that an aggressive reduction of regulations might serve special interests over public welfare, risking safety, environmental protections, and worker rights. Advocates of robust regulatory frameworks argue that even successful regulations can sometimes be necessary for maintaining standards and protecting citizens from possible harm. The debate illustrates a classic tension between the desire for government efficiency and the necessity of regulatory oversight.

Companion Bills

No companion bills found.

Previously Filed As

US HB8339

SEC Reform and Restructuring Act

US HB2799

Expanding Access to Capital Act of 2023

US HB9477

SEC REVIEW Act of 2024 SEC Regulatory Evaluation, Verification, and Integrity of Effective Workflows Act of 2024

US SB5139

Empowering Main Street in America Act of 2024

US SB3815

Improving Disclosure for Investors Act of 2024

US HB7867

REG Budgeting Act of 2024 Renewing Efficiency in Government by Budgeting Act of 2024

US HB7168

Investor Choice Act of 2024

US HB2441

Improving Disclosure for Investors Act of 2025

US HB8239

SEC Regulatory Accountability Act

US HB7655

Pipeline Safety, Modernization, and Expansion Act of 2024

Similar Bills

No similar bills found.