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S4920FEDERALIN_COMMITTEE
High Impact

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

Original title: LIBERATE Act

July 31, 2024

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Where This Stands

Introduced
Committee
Floor Vote
Passed
Signed

Currently IN_COMMITTEE. The next step in the legislative lifecycle is Floor Vote.

Version history

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

View official text →

The Frame

What this does

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 is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

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.

Federal agencies

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

What changed

Current stage: IN_COMMITTEE.

What's next

Floor Vote.

Summary

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.

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.

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.

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Sponsors

Discoveries

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.

Connected Entities

organizationGovernment Accountability Office (GAO)The Task Force is required to consult with GAO.Map →
personSpeaker of the HouseAppoints 4 members to the Task Force.Map →
organizationOffice of Management and BudgetThe Director of OMB serves as the Chairperson of the Task Force.Map →
organizationOffice of Information and Regulatory AffairsA representative from this office is a member of the Task Force.Map →
personSenate Minority LeaderAppoints 4 members to the Task Force.Map →
personMinority Leader of the HouseAppoints 4 members to the Task Force.Map →
personSenate Majority LeaderAppoints 4 members to the Task Force.Map →
bill_numberSmall Business ActRequires 2 members of the Task Force to be representatives of a small business cMap →

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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