RED TAPE Act

This bill aims to change how rulemaking is reviewed. It would stop the use of any factors in regulatory analyses that aren’t priced in dollars or can’t be measured. In short, only monetized and quantified impacts could be counted when analyzing a rule’s effects.

Key points

• What changes: Regulatory analyses could only use factors that are monetized and quantified; non-monetized or unquantified factors would be prohibited.
• Who is affected: Those who conduct regulatory analyses of rules.
• When: The provided text does not specify timing or effective dates.