MI SB0435

Requires each state agency to prepare an annual regulatory plan reviewing all existing rules and electronically submit it to the State Office of Administrative Hearings and Rules by July 1 each year.

Agencies must identify in their regulatory plans whether existing rules should be continued, changed, or rescinded, and list rules expected to be processed, mandatory statutory authority not yet exercised, and rules expected to be rescinded in the next year.

Mandates that agencies and appropriate standing committees of the Senate and House review new rules within 5 years of effective date and existing rules within 4 years, then conduct reviews every 5 years thereafter to assess impact on businesses including small businesses.

Requires periodic rule reviews to evaluate continued need, public complaints, compliance complexity, conflicts with federal or local regulations, and changes in technology or economic conditions since the last evaluation.

Specifies that annual regulatory plans are advisory only and do not bind agencies or prevent additional regulatory action.