- Not enactedThe President has not signed this bill
- The senate has not voted
- The house has not voted
House Committee on Oversight and Government ReformHouse Committee on the JudiciaryRegulatory Reform, Commercial, and Antitrust LawIntroducedAugust 2nd, 2013
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One In, Two Out Act
To require each agency to repeal two existing regulations before issuing a new regulation, and for other purposes.
One In, Two Out Act - Prohibits a federal agency from: (1) issuing a new rule unless such agency has repealed two or more existing rules that impose a cost or responsibility on a nongovernmental person or state or local government and that are, to the extent practicable, related to the new rule; or (2) issuing a major rule (generally, a rule that has an annual effect on the economy of $100 million or more) unless such agency has repealed two or more rules that are related to such major rule and the cost of the new major rule is less than or equal to the cost of the rules being repealed. Requires any rule that is repealed to be published in the Federal Register.
Regulations are not a bad thing. Some are bad and need to be cut or reformed. Many are good and even crucial for our well being. Like clean drinking water? Or food that isn't contaminated? Regulations enforce those things. This mentality of deregulating everything is dangerous and helped lead to the banking crisis and the 2008 recession.