HB66 Summary

• Establishes a $1 million threshold for proposed rules; rules exceeding this cost require joint resolution approval by the Legislature or committee-approved modifications to reduce costs below the threshold.

• Requires Legislative Services Agency, Fiscal Division to analyze fiscal notes for rules estimated at $750,000 or more in implementation and compliance costs within 21 days of certification.

• Allows any member of the Legislature or the Joint Committee on Administrative Regulation Review to request that an agency prepare a Business Economic Impact Statement without requiring a business complaint first.

• Amends "The Red Tape Reduction Act" to require agencies to post proposed rule text on websites and electronically notify registered persons of rule proposals.

• Becomes effective on the first day of the third month following passage and approval by the Governor.