Agency rules; require rules with a significant economic impact to expire after five years.

SB 2287 requires Mississippi state agencies to review rules with significant economic impact every five years, mandating that such rules expire after five years unless renewed. A "significant economic impact" is defined as any rule costing more than $1 million annually to comply with, as determined by a cost-benefit analysis filed with the Secretary of State. Existing rules adopted before July 1, 2025, expire July 30, 2030, while new rules adopted on or after that date expire within five years of their effective date. This applies to all agencies except temporary rules or those reviewed by the Occupational Licensing Review Commission. The bill aims to ensure ongoing evaluation of costly regulations.