Regulatory Accountability Act

# Regulatory Accountability Act (S 1708) Summary **What the Bill Does:** The Regulatory Accountability Act would make it harder for federal agencies to create new regulations without extensive review and public input. It requires agencies to conduct detailed cost-benefit analyses, consider alternative approaches, and provide more opportunities for the public and Congress to review proposed rules before they take effect. The bill aims to ensure that regulations are necessary and that their benefits outweigh their costs. **Who It Affects:** This bill would impact businesses (particularly small companies that find compliance costly), workers, consumers, and government agencies.

It could affect virtually every regulated industry—from environmental protection and workplace safety to financial services and healthcare—by changing how quickly and easily new regulations can be implemented. **Current Status:** As of now, the bill remains in committee and has not yet been voted on by the full Senate. It was introduced by Senator James Lankford (R-OK) in the 119th Congress.