Enhances legislative oversight of regulatory actions in Massachusetts by requiring economic impact statements and legislative ratification for major.

This bill mandates that any major rule, defined as one with an estimated economic impact of over $1 million over five years, must be accompanied by an economic impact statement and require legislative ratification. Agencies must submit proposed major rules and their economic impact statements to the Legislature for approval. The Legislature must review, approve, or reject the rule within 90 days, or it is deemed disapproved. The bill also requires agencies to provide public comment opportunities and make all related documents available online and in the State House library.

Enhances legislative oversight of regulatory actions in Massachusetts by requiring economic impact statements and legislative ratification for major.

This bill mandates that any major rule, defined as one with an estimated economic impact of over $1 million over five years, must be accompanied by an economic impact statement and require legislative ratification. Agencies must submit proposed major rules and their economic impact statements to the Legislature for approval. The Legislature must review, approve, or reject the rule within 90 days, or it is deemed disapproved. The bill also requires agencies to provide public comment opportunities and make all related documents available online and in the State House library.