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 federal agencies to submit detailed reports to Congress before implementing new regulations, including cost-benefit analyses, economic impact assessments, and information about how the public can access the supporting data. Major regulations (those with significant economic effects) would need congressional approval through a joint resolution within 70 legislative days, while nonmajor regulations would follow a simpler disapproval process. The bill would also require agencies to publish all guidance documents online and create a regulatory budget system to track regulatory costs. This would increase transparency in the regulatory process and give Congress more formal oversight over federal regulations. The bill would affect all federal agencies that issue regulations and would require them to comply with these new review procedures.