Regulations from the Executive in Need of Scrutiny Act of 2024

The Regulations from the Executive in Need of Scrutiny Act of 2024 would require Congress to approve most major federal regulations before they take effect, rather than allowing agencies to implement them directly. It defines a "major rule" as one with significant economic impact ($100 million+ annually) or substantial effects on competition, jobs, or the environment. Agencies would need to submit detailed reports including cost-benefit analyses to Congress before implementing such rules, with Congress having 70 days to approve or disapprove them. The bill would also require agencies to publish guidance documents online and conduct annual reviews of existing regulations.