Rep. William L. Owens, D-Plattsburgh, has joined bipartisan colleagues on the U.S. House of Representatives Judiciary Committee in reintroducing legislation that would reduce the cost of new regulations by reforming the federal rule-making process.
The Regulatory Accountability Act would require executive and regulatory agencies to choose the least costly rule during the rule-making process.
That process would be improved by requiring agencies to identify and consider available regulatory alternatives.
A more costly rule can be adopted only if the additional benefits of the more costly rule justify the added expenses.
The bill includes a provision that would allow the public to petition for a hearing about a particular rule within 30 days of a proposed rule-making notices publication. The House passed the bill last year but the Senate did not pick it up.