REVIEW Act of 2023 Require Evaluation before Implementing Executive Wishlists Act of 2023
Impact
Should SB675 be enacted, it would reshape the regulatory landscape significantly by mandating that federal agencies seek review and await judicial determination before implementing economically significant rules. This change is expected to slow the regulatory process, as agencies would be compelled to navigate judicial pathways before enforcing major regulations. Proponents argue that this approach will protect businesses and the economy from excessive regulatory burdens that could arise from unilateral executive actions.
Summary
SB675, known as the REVIEW Act of 2023, proposes amendments to Title 5 of the United States Code with the objective of postponing the effective date of high-impact regulatory rules until after judicial review has concluded. The act defines 'high-impact rules' as rules that impose an annual economic cost of over $1 billion. By establishing a requirement for judicial review prior to the implementation of these significant regulations, the bill aims to enhance scrutiny of executive actions and ensure that such regulations are not enacted without substantial review and consideration of their potential economic impact.
Contention
The bill has sparked a number of debates, particularly concerning the balance of power between the executive branch and judicial oversight. Supporters advocate that it would promote government accountability and prevent potentially damaging regulations from taking effect without adequate checks. Conversely, opponents raise concerns about the potential for delaying necessary public health and environmental protections, arguing that excessive judicial review might hinder the government’s ability to act swiftly in response to urgent issues. The contention centers around whether the need for regulatory scrutiny outweighs the need for expeditious government action.
Same As
Require Evaluation before Implementing Executive Wishlists Act of 2023 or the REVIEW Act of 2023 This bill prohibits a final agency rule from taking effect until (1) the agency submits the rule to the Office of Information and Regulatory Affairs (OIRA), and (2) OIRA makes a determination as to whether the rule is a high-impact rule that may impose an annual cost on the economy of at least $1 billion. In addition, an agency must postpone the effective date of a high-impact rule until the final disposition of all actions seeking judicial review of the rule.
Require Evaluation before Implementing Executive Wishlists Act of 2023 or the REVIEW Act of 2023 This bill prohibits a final agency rule from taking effect until (1) the agency submits the rule to the Office of Information and Regulatory Affairs (OIRA), and (2) OIRA makes a determination as to whether the rule is a high-impact rule that may impose an annual cost on the economy of at least $1 billion. In addition, an agency must postpone the effective date of a high-impact rule until the final disposition of all actions seeking judicial review of the rule.