REG Budgeting Act of 2025

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 3279 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 3279 To require the Director of the Office of Management and Budget to establish a limit for the total amount of additional unfunded regulatory costs that may be imposed in a fiscal year, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES May 8, 2025 Mr. Fallon (for himself, Mr. Comer, and Ms. Foxx) introduced the following bill; which was referred to the Committee on Oversight and Government Reform, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned _______________________________________________________________________ A BILL To require the Director of the Office of Management and Budget to establish a limit for the total amount of additional unfunded regulatory costs that may be imposed in a fiscal year, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Renewing Efficiency in Government by Budgeting Act of 2025'' or the ``REG Budgeting Act of 2025''. SEC. 2. REGULATORY BUDGETING. (a) Limit for the Amount of Additional Unfunded Regulatory Costs That May Be Imposed Each Fiscal Year.-- (1) Establishment.-- (A) Omb limit.--On or before September 30 of each fiscal year, the Director shall establish-- (i) a limit on the amount of additional unfunded regulatory costs that may be imposed collectively by the heads of all agencies in the next fiscal year; and (ii) as part of the limit established under clause (i), a limit on the amount of additional unfunded regulatory costs that may be imposed individually by the head of each agency in th