REG Budgeting Act of 2025

LEGISLATIVE PROGRESS

STEP 2 OF 8

Introduced

In Committee

Reported

Passed House

Passed Senate

Conference

To President

Became Law

Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law

WHAT THE BILL DOES

AI-written

This bill matters because it fundamentally changes how federal agencies can issue new regulations, which impact nearly every aspect of American life and the economy. If this bill becomes law, it introduces a strict budgeting approach to the costs imposed by government rules, forcing agencies to consider the financial impact of their actions more explicitly and potentially leading to fewer or less burdensome new regulations.

Voters should care because regulations affect consumer prices, business competitiveness, environmental quality, workplace safety, and public health. If this bill passes, it could mean a slowdown or halt in new regulations that cost money to implement, potentially saving businesses and individuals money but also possibly delaying important protections or updates. If it doesn't pass, the current system of agency rulemaking continues without these specific cost caps, allowing agencies more discretion in issuing regulations, which some see as necessary and others as overly burdensome.

KEY PROVISIONS

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The Director of the Office of Management and Budget (OMB) must set yearly limits on the total amount of new, unfunded regulatory costs that all federal agencies collectively, and each individual agency, can impose.

This creates a formal, yearly budget for the financial impact of new federal regulations.

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Agencies must submit proposed cost limits and justifications to the OMB Director before the final limits are established.

This provides a mechanism for agencies to inform the OMB's decision-making process and justify their regulatory needs.

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If the OMB Director sets a limit that allows for a net increase in unfunded regulatory costs across all agencies, Congress must approve this limit by a joint resolution.

This grants Congress a direct role in approving any overall increase in regulatory costs, shifting power away from executive agencies.

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If an individual rule would cause an agency to exceed its yearly cost limit, that rule cannot take effect unless Congress approves it by a joint resolution.

This provides a specific check on individual regulations that are deemed too costly, ensuring congressional oversight.

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Federal agencies are prohibited from finalizing any rule that imposes unfunded regulatory costs until the OMB Director has submitted required annual reports to Congress.

This ensures transparency and congressional awareness of proposed regulatory costs before new rules can be fully implemented.

DEADLINES & DATES

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On or before September 30 of each fiscal year

OMB Director must establish collective and individual agency limits for the next fiscal year.

Not later than 90 days before the date on which the Director establishes an agency limit

Agencies must submit proposed limits and justifications to the OMB Director.

Not later than 7 days after establishing the agency-wide limit

OMB Director must submit and publish a report on the agency-wide limit to Congress.

Not later than 7 days after establishing an agency-specific limit

OMB Director must submit and publish a report on each agency-specific limit to Congress and relevant committees.

Not later than 90 days after the date of the enactment of this subsection

OMB Director must designate a website for publishing reports.

PENALTIES & ENFORCEMENT

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TYPE	AMOUNT	WHO
administrative	The rule may not go into effect during the fiscal year in which it is promulgated	An agency rule that would result in a limit being exceeded without congressional approval
administrative	The head of an agency may not finalize a rule that imposes an additional unfunded regulatory cost	An agency that has not had the required reports submitted to congressional committees by the Director

GLOSSARY

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Office of Management and Budget (OMB): A major office within the Executive Office of the President that helps the President prepare the federal budget and oversees the performance of federal agencies.
Unfunded regulatory costs: The financial burdens (e.g., for compliance, reporting, or new equipment) that government regulations impose on private businesses, state or local governments, or individuals, which are not paid for by the federal government itself.
Fiscal year: A 12-month period for which an organization plans its budget. For the U.S. federal government, it runs from October 1st to September 30th.
Agency: An administrative unit of the U.S. government, such as the Environmental Protection Agency (EPA) or the Food and Drug Administration (FDA), responsible for carrying out specific functions.
Joint resolution: A legislative measure that, if passed by both the House and the Senate and signed by the President (or re-passed over a veto), has the force of law. It's used for proposing amendments, declaring war, or, in this bill, approving specific actions.
Promulgate: To formally announce or put a law, regulation, or rule into effect.

ACTION TIMELINE

2 EVENTS

MAY 8, 25

Introduced in House

INTROREFERRAL

MAY 8, 25

Referred to the Committee on Oversight and Government Reform, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

INTROREFERRAL

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Oversight and Government Reform CommitteeReferred

May 8, 2025

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REG Budgeting Act of 2025

LEGISLATIVE PROGRESS

WHAT THE BILL DOES

KEY PROVISIONS

SPONSORSHIP

ACTION TIMELINE

BILL INFO

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Discussion

REG Budgeting Act of 2025

LEGISLATIVE PROGRESS

WHAT THE BILL DOES

KEY PROVISIONS

DEADLINES & DATES

PENALTIES & ENFORCEMENT

GLOSSARY

ACTION TIMELINE

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REG Budgeting Act of 2025

LEGISLATIVE PROGRESS

WHAT THE BILL DOES

KEY PROVISIONS

SPONSORSHIP

ACTION TIMELINE

BILL INFO

READER REACTIONS

Discussion

REG Budgeting Act of 2025

LEGISLATIVE PROGRESS

WHAT THE BILL DOES

KEY PROVISIONS

DEADLINES & DATES

PENALTIES & ENFORCEMENT

GLOSSARY

ACTION TIMELINE

SPONSORS

READER REACTIONS

What do you think?

Discussion

MORE INFORMATION

Committee Referrals