Senate BillS 973Government Operations and Politics
LIBERATE Act
INTRO MAR 12· LAST ACTION MAR 12
READING
10MIN
COSPONSORS
0
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8
Introduced
In Committee
Reported
Passed Senate
Passed House
Conference
To President
Became Law
WHAT THE BILL DOES
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Voters should care about this bill because federal regulations can have a substantial impact on the economy, affecting everything from how much things cost to how many jobs are created. If this bill becomes law, it could lead to a systematic and focused effort to reduce regulations that are seen as inefficient or overly burdensome, potentially lowering costs for businesses, increasing competition, and stimulating growth in key sectors like manufacturing and energy. This could translate to lower consumer prices or more opportunities for businesses.
If this bill doesn't pass, the review and reform of federal regulations would continue through existing channels, which may not have the same focused mandate or direct public input mechanisms. The LIBERATE Act aims to create a dedicated, publicly-engaged, and potentially more expedited process for identifying and addressing regulations that are perceived to hinder economic activity, offering a different approach to regulatory reform compared to the current system.
KEY PROVISIONS
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PROVISION 01
Establishes the Regulatory Oversight and Review Task Force, composed of government officials and 16 private sector experts with specific backgrounds, including small business representation, appointed by congressional leaders.
This creates a dedicated body with diverse expertise, including non-government perspectives, to scrutinize federal regulations.
PROVISION 02
Directs the Task Force to evaluate federal regulations based on specific criteria such as inhibiting competition, creating barriers for businesses, increasing manufacturing costs, or restricting energy production.
This provision clearly defines the scope and focus of the Task Force's work, targeting regulations with specific economic impacts.
PROVISION 03
Requires the Task Force to solicit and collect written recommendations from the public, interested parties, and federal agencies through a website and other means, and to conduct public outreach and focus groups in diverse areas.
This ensures public and stakeholder input is a central part of the regulatory review process, making it more transparent and responsive.
PROVISION 04
Mandates the Task Force to submit quarterly and annual reports to Congress, detailing its findings and recommendations for modifying, consolidating, harmonizing, or repealing regulations.
These reports provide Congress with formal, structured recommendations to consider for legislative action on regulatory reform.
PROVISION 05
Requires an annual "special message" to Congress recommending specific regulations for repeal, establishing an expedited process for Congress to consider a "covered resolution" to quickly vote on these repeals.
This provision creates a direct and potentially expedited pathway for Congress to act on the Task Force's recommendations for regulatory repeal.
Voters should care about this bill because federal regulations can have a substantial impact on the economy, affecting everything from how much things cost to how many jobs are created. If this bill becomes law, it could lead to a systematic and focused effort to reduce regulations that are seen as inefficient or overly burdensome, potentially lowering costs for businesses, increasing competition, and stimulating growth in key sectors like manufacturing and energy. This could translate to lower consumer prices or more opportunities for businesses.
If this bill doesn't pass, the review and reform of federal regulations would continue through existing channels, which may not have the same focused mandate or direct public input mechanisms. The LIBERATE Act aims to create a dedicated, publicly-engaged, and potentially more expedited process for identifying and addressing regulations that are perceived to hinder economic activity, offering a different approach to regulatory reform compared to the current system.
KEY PROVISIONS
AI-extracted
high
Establishes the Regulatory Oversight and Review Task Force, composed of government officials and 16 private sector experts with specific backgrounds, including small business representation, appointed by congressional leaders.
This creates a dedicated body with diverse expertise, including non-government perspectives, to scrutinize federal regulations.
high
Directs the Task Force to evaluate federal regulations based on specific criteria such as inhibiting competition, creating barriers for businesses, increasing manufacturing costs, or restricting energy production.
This provision clearly defines the scope and focus of the Task Force's work, targeting regulations with specific economic impacts.
med
Requires the Task Force to solicit and collect written recommendations from the public, interested parties, and federal agencies through a website and other means, and to conduct public outreach and focus groups in diverse areas.
This ensures public and stakeholder input is a central part of the regulatory review process, making it more transparent and responsive.
high
Mandates the Task Force to submit quarterly and annual reports to Congress, detailing its findings and recommendations for modifying, consolidating, harmonizing, or repealing regulations.
These reports provide Congress with formal, structured recommendations to consider for legislative action on regulatory reform.
high
Requires an annual "special message" to Congress recommending specific regulations for repeal, establishing an expedited process for Congress to consider a "covered resolution" to quickly vote on these repeals.
This provision creates a direct and potentially expedited pathway for Congress to act on the Task Force's recommendations for regulatory repeal.
President appoints private sector members of the Task Force.
15 days after the first meeting of the Task Force
Task Force initiates process to solicit and collect written recommendations.
Not later than the first day on which both Houses of Congress are in session after May 1 of each year
Director of OMB submits a special message to Congress detailing regulations recommended for repeal.
Before the end of the first period of 60 calendar days after the date on which the special message is received
Congress completes action on a covered resolution.
Within 25 calendar days after the introduction of the resolution
Committee reports a covered resolution (otherwise it is discharged).
GLOSSARY
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Task Force
A temporary group formed to study a particular problem and make recommendations, often involving experts from various fields.
Federal regulations
Rules made by government agencies to implement and enforce laws passed by Congress.
Office of Management and Budget (OMB)
A part of the Executive Office of the President that helps the President oversee the federal budget and the management of federal agencies, including their regulatory activities.
Office of Information and Regulatory Affairs (OIRA)
A division within the OMB responsible for reviewing proposed government regulations and policies before they are finalized.
Government Accountability Office (GAO)
An independent agency that provides auditing, evaluation, and investigative services for the United States Congress, often referred to as 'the congressional watchdog'.
Covered resolution
A specific type of joint resolution in Congress that, if passed, would immediately repeal a list of regulations recommended by the Task Force, often subject to expedited legislative procedures.
Federal Register
ACTION TIMELINE
2 EVENTS
MAR 12, 25
Introduced in Senate
INTROREFERRAL
MAR 12, 25
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
The official daily publication for rules, proposed rules, and notices of Federal agencies and organizations, as well as executive orders and other presidential documents.
Congressional Record
The official record of the proceedings and debates of the U.S. Congress, published daily when Congress is in session.
