CO SB167

Creates a 12-member bipartisan task force appointed by the Committee on Legal Services to review Colorado's state regulatory system and identify inefficiencies and cost-saving opportunities.

Task force composition includes two industry leaders, two small/medium business leaders, two research/policy organization representatives, two former state regulatory employees, two economics academics, and two project management professionals.

Task force must evaluate whether regulations create unfair competitive advantages, whether cost-benefit analysis needs improvement, whether enforcement practices create excessive penalties, and whether compliance costs could be reduced without public harm.

Task force must report findings, recommendations, and estimated cost savings to the Committee on Legal Services by August 6, 2012, which will then recommend legislation to the General Assembly based on the task force recommendations.

Task force members serve without compensation but may be reimbursed for expenses if funding is available; staff support may be provided by Legislative Council, Office of Legislative Legal Services, and State Auditor within existing appropriations or with supplemental funding from public or private donations.