Regulation Decimation Act

The Regulation Decimation Act (HR710) was introduced on January 23, 2025, and referred to the Committee on Oversight and Government Reform and the Committee on the Judiciary. Its sponsor is Rep. David Taylor (R-OH-2). The bill requires federal agencies to repeal at least 10 existing related rules before issuing a new rule, with a stricter standard for major rules (annual economic effect ≥$100M): the new major rule's cost must be less than or equal to the cost of the repealed rules, certified by OIRA. It imposes no direct spending, tax changes, or procurement mandates. Because the bill is in early committee stage and does not authorize any funding or directly compel private-sector behavior, market impact is nil. The legislative path requires passage through two committees, the full House, the Senate (a companion bill S712 exists), and presidential signature — currently all steps remain. No real market data is available. No specific companies or sectors are directly affected by this bill's mechanism; it targets agency rulemaking processes, not private-sector obligations. Therefore no tickers meet the causal chain confidence threshold for inclusion.