RED TAPE Act
- Bill Number
- S. 148
- Origin Chamber
- Senate
- Congress
- 119th Congress, Session 1
- Policy Area
- Government Operations and Politics
- Status
- Introduced
- Latest Action
- 2025-11-19: Committee on Small Business and Entrepreneurship. Hearings held.
- Last Updated
- 2026-01-20T16:16:16Z
Official Summary
Regulations Evaluated to Determine The Anticipated Price and Effect Act or the RED TAPE Act
This bill prohibits federal agencies from considering any nonmonetized or unquantified factor when conducting a regulatory impact analysis or benefit-cost analysis for any proposed rule, final rule, or interim final rule.
Each agency must publish each regulatory impact analysis and benefit-cost analysis conducted by the agency with respect to a proposed rule, final rule, or interim final rule.
Additionally, the Office of Management and Budget may not (1) authorize or endorse an agency's use of any nonmonetized or unquantified factor when conducting a regulatory impact analysis or benefit-cost analysis on any proposed rule, final rule, or interim final rule; or (2) consider any nonmonetized or unquantified factor presented in a regulatory impact analysis or benefit-cost analysis of another agency.
The bill provides for judicial review of a rule issued by an agency that considered a nonmonetized or unquantified factor when conducting a regulatory impact or benefit-cost analysis. If a court finds that an agency relied upon such a factor to evaluate a final rule or interim final rule, the court must declare the rule invalid.
The bill takes effect 30 days after enactment.
Sponsor
Cosponsors (1)
Recent Actions
- 2025-11-19: Committee on Small Business and Entrepreneurship. Hearings held.
- 2025-01-17: Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
- 2025-01-17: Introduced in Senate
Bill Versions
- Regulations Evaluated to Determine The Anticipated Price and Effect Act — issued 2025-01-17 — PDF (6 pages)