Bill
S 148
Sexual Abuse and Incest
RED TAPE Act: prohibits non-monetized factors in regulatory impact analyses; mandates monetized benefits/costs, public disclosure, and court-ordered invalidation for violations.
Bill
S 148
RED TAPE Act: prohibits non-monetized factors in regulatory impact analyses; mandates monetized benefits/costs, public disclosure, and court-ordered invalidation for violations.
Note on source materials: the documents provided include text from multiple, different bills (a federal S.148 addressing regulatory analyses; a Massachusetts child-welfare draft identified as “Senate No. 148”; and a South Carolina statute-of-limitations draft regarding sexual abuse/incest). The summary below focuses on the federal S.148 introduced in the U.S. Senate on January 17, 2025 (sponsored by Sen. Joni Ernst, cosponsored by Sen. James Lankford), which contains the clearest, complete bill text.
S.148, titled the “Regulations Evaluated to Determine The Anticipated Price and Effect Act” or “RED TAPE Act,” seeks to restrict federal agencies and the Office of Management and Budget (OMB) from relying on non‑monetized or unquantified factors in regulatory impact analyses and benefit‑cost analyses. Its stated intent is to require agencies to prioritize tangible, immediately quantifiable monetary benefits and minimize regulatory costs or burdens.
If you want, I can:
- Produce a short plain‑language explainer of how this would change a specific agency’s rulemaking (for EPA, FDA, etc.), or
- Summarize the separate Massachusetts and South Carolina bill texts found in your materials.
Compiled from official sources — confirm details with the bill’s official record.
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