Pennsylvania HB1601 amends the Regulatory Review Act to redefine "regulation" and establish new procedures for reviewing economically significant.

Pennsylvania HB1601 amends the Regulatory Review Act to redefine "regulation" and establish new procedures for reviewing economically significant regulations. The bill defines "economically significant regulation" as a regulation that may result in direct or indirect costs exceeding $1,000,000 annually. For such regulations, the General Assembly must adopt a concurrent resolution for approval. If the Governor vetoes the resolution, the General Assembly can override with a two-thirds vote.

Pennsylvania HB1601 amends the Regulatory Review Act to redefine "regulation" and establish new procedures for reviewing economically significant.

Pennsylvania HB1601 amends the Regulatory Review Act to redefine "regulation" and establish new procedures for reviewing economically significant regulations. The bill defines "economically significant regulation" as a regulation that may result in direct or indirect costs exceeding $1,000,000 annually. For such regulations, the General Assembly must adopt a concurrent resolution for approval. If the Governor vetoes the resolution, the General Assembly can override with a two-thirds vote.