HR5301

The Eliminate Useless Reports Act of 2024 was signed into law by the President on December 23, 2024, as Public Law No: 118-172. The bill requires federal agencies to include in their annual budget justifications a list of recurring plans or reports, identifying which are outdated or duplicative, and recommending whether to end, modify, consolidate, or reduce their frequency. This is a government operations and transparency bill, not a spending or procurement authorization. There is no funding mechanism, no tax credit, no regulatory change, and no contract award associated with this legislation. The bill's impact is purely administrative—it aims to reduce bureaucratic waste by eliminating unnecessary reporting requirements. No specific companies, sectors, or market participants are affected. The legislative process was straightforward: introduced in August 2023, passed the House in November 2024, and signed into law in December 2024. There are no remaining legislative steps. This bill does not create or alter any market dynamics.