HI HB1762

Defines "major rule" as any administrative rule expected to result in $1 million or more in implementation and compliance costs over the initial five-year period following adoption.

Requires state agencies proposing major rules to complete a comprehensive economic impact analysis, including detailed cost quantification, methodology explanations, and justification for the rule's classification.

Mandates that major rules receive specific approval from the legislature through a concurrent resolution with majority votes in both chambers before taking effect.

Requires agencies to consult with counties, state departments, businesses, and the public when preparing economic impact statements for proposed major rules.

Modeled after federal REINS Act proposals and similar laws enacted in nine other states (Kentucky, Florida, Utah, Oklahoma, Kansas, Indiana, Wisconsin, Louisiana, and North Carolina) to increase legislative oversight of administrative rulemaking.