Us Congress House Bill HB3770

Us Congress 2023-2024 Regular Session

• Introduced: 5/31/23
• Refer: 5/31/23

Caption

Limiting the Intrusive Bureaucracy and Empowering Regulatory Transparency for You Act LIBERTY Act

Impact

If enacted, HB3770 would notably affect how federal agencies formulate and implement regulations. The bill would require that any rule resulting in economic effects exceeding $100 million, or those that could cause significant harm to competition or economic stability, must be reviewed by Congress. This shift aims to curtail perceived bureaucratic overreach and promote greater transparency within government operations, fostering an environment where agency regulations are directly accountable to legislative bodies.

Summary

House Bill 3770, known as the Limiting the Intrusive Bureaucracy and Empowering Regulatory Transparency for You Act, seeks to amend the definition of agency rule-making processes as outlined in section 804 of title 5 of the United States Code. The bill aims to introduce more stringent criteria for what constitutes a 'major rule', thereby enhancing congressional oversight of regulatory actions by federal agencies. By defining a 'major rule' as one that significantly impacts the economy or results in substantial financial burdens, the bill attempts to ensure that more regulations are subject to legislative scrutiny before implementation.

Contention

The bill's proponents argue that HB3770 is essential to prevent unwarranted regulatory impediments on businesses and to promote economic growth. They believe that the additional oversight mandated by the bill would create a more stable and predictable regulatory environment. Conversely, critics of the bill raise concerns that it may hinder necessary regulatory protections, particularly in areas such as public health and safety. They suggest that the increased barriers to regulatory approval could delay critical rules designed to protect vulnerable populations and the environment.