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S4920FEDERALFederal Billfiled

High Impact

The LIBERATE Act: Creating a Task Force to Review Federal Regulations

Original title: LIBERATE Act

Record date · July 31, 2024

Bill progressHistory & official text ↓

Introduced

Committee

Floor Vote

Passed

Law

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Public stanceCommunity reactions are separate from the official record and reporting.

What This Bill Would Do

The LIBERATE Act proposes creating a new 'Regulatory Oversight and Review Task Force' to identify and recommend the repeal or modification of federal regulations that hinder economic competition, increase business costs, or restrict energy and mining production. The task force would be composed of government officials and private-sector experts, and the bill establishes a fast-track legislative process for Congress to vote on repealing the regulations identified by the group.

Why it matters

This bill would create a new, expedited legislative pathway for Congress to repeal federal regulations, potentially impacting the compliance requirements and operating costs for businesses across all sectors of the U.S. economy.

Who It Would Affect

Groups the bill's text would affect if enacted, as described in the record. Being affected is not a position for or against it.

Directly affected

Small business owners

The task force is required to include representatives of small business concerns, and the group's recommendations may lead to changes in federal compliance requirements.

Directly affected

Federal agencies

Agencies are required to provide documents and information to the task force upon request.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

Who will serve on the Regulatory Oversight and Review Task Force?

The task force will include the Director of the Office of Management and Budget (Chair), one representative from the Office of Information and Regulatory Affairs, and 16 private-sector experts appointed by Congressional leadership.

How can the public provide input on regulations?

The public can submit written recommendations via the task force's website, regulations.gov, or by mail. The task force will also hold public outreach events and focus groups.

Does this bill provide new funding for the task force?

No. The bill explicitly states that no additional amounts are authorized and the task force must use existing funds from the Office of Management and Budget.

What else do you want to know?

News Coverage

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Where This Stands

Currently filed. The next step in the legislative lifecycle is Committee.

Version history

Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.

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Full breakdown

Who this bill affects and the strongest case for and against it, written only from the bill’s own text.

Discoveries

1 pattern noticed across the record

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift100% confidence

Expedited Regulatory Repeal

The bill introduces a 'fast-track' legislative mechanism that limits debate and prevents amendments for resolutions repealing regulations, which is a significant departure from standard legislative procedure.

Regulatory Oversight and Review Task Force

Connected Entities

Speaker of the House, Office of Management and Budget, Office of Information and Regulatory Affairs and 5 more

PersonSpeaker of the House“Appoints 4 members to the Task Force.”Map →

OrganizationOffice of Management and Budget“The Director of OMB serves as the Chairperson of the Task Force.”Map →

OrganizationOffice of Information and Regulatory Affairs“A representative from this office is a member of the Task Force.”Map →

PersonSenate Minority Leader“Appoints 4 members to the Task Force.”Map →

PersonMinority Leader of the House“Appoints 4 members to the Task Force.”Map →

PersonSenate Majority Leader“Appoints 4 members to the Task Force.”Map →

bill numberSmall Business Act“Requires 2 members of the Task Force to be representatives of a small business c”Map →

OrganizationGovernment Accountability Office“The Task Force is required to consult with GAO.”Map →

Sources

Open source document

www.congress.gov

Analysis Score

0–100

Significance75
How much this matters to a regular citizen
Controversy65
Intensity of disagreement among stakeholders
Entertainment10
Compellingness for a non-policy-wonk reader
Buzz20
Current news / social attention level

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