One In, Two Out: Should Federal Agencies Repeal Two Existing Regulations For Each New One? (H.R. 4003)

What is H.R. 4003?

(Updated May 23, 2019)

This bill would require that federal agencies identify two existing rules that will be repealed before the implementation of a proposed new rule. Proposed rules that are required by enacted legislation would be exempt from this requirement.

Argument in favor

Excessive regulations are impeding the competitiveness of the U.S. economy. Requiring agencies to eliminate two existing rules for each new one will promote efficiency and better oversight.

Argument opposed

This approach to deregulation assumes that there many needless, duplicative regulations that can be eliminated without weakening protections for consumers and the environment — that’s not the case.

Impact

Federal agencies proposing new regulations.

Cost of H.R. 4003

A CBO cost estimate is unavailable.

Additional Info

In-Depth: Sponsoring Rep. Bill Posey’s (R-FL) bill would essentially make an executive order signed by President Donald Trump two days after his inauguration that required agencies to identify two regulations to be repealed for each new rule.

Media:

• Countable (Context)
  
• Forbes (Context)
  
• U.S. News & World Report (Context)