An Act amending the act of June 25, 1982 (P.L.633, No.181), known as the Regulatory Review Act, further providing for definitions, for proposed regulations and procedures for review and for final-form regulations and final-omitted regulations and procedures for review; providing for regulations deemed withdrawn; further providing for procedures for subsequent review of disapproved final-form or final-omitted regulations; and providing for concurrent resolution required for economically significant regulations.

SB 333 amends Pennsylvania's Regulatory Review Act to strengthen oversight of significant regulations. It defines "economically significant regulations" as those likely to cost $1 million or more annually across state, local, or private sectors. The bill requires agencies to submit detailed cost analyses for all proposed regulations, mandates public hearings for economically significant rules, and extends committee review periods (up to 14 days) for such regulations. These changes directly affect state agencies drafting rules, legislative committees reviewing them, and the Independent Regulatory Review Commission. The law aims to improve transparency around regulatory costs without altering the core process for standard regulations.