Regulatory Review Commission – Passage

Passage of the bill that would establish a nine-member commission to review existing federal regulations and identify regulations that should be repealed on the basis of reducing costs on the U.S. economy. The commission would identify those regulatory policies that it deems should be repealed immediately, and would set up a "Cut-Go" system that would require agencies to repeal existing rules to offset costs before issuing a new rule. As amended, the commission, in identifying which rules should be repealed, would be required to evaluate the extent to which a repeal of a rule would impact public health. It would bar from membership on the commission individuals who have been registered lobbyists during the previous two years.