SC H3021

Requires all state agency regulations to have express statutory authority and automatically expire after 7 years unless readopted through a formal review process

Mandates agencies identify and propose removal of two existing regulations for every new regulation proposed

Requires cost-benefit assessment reports for all regulations, with those exceeding $1 million in costs over 5 years needing approval by joint resolution of the General Assembly

Directs the Small Business Regulatory Review Committee to review regulations pending reauthorization with a goal of reducing regulatory requirements by 25%

Eliminates judicial deference to agency interpretations of statutes and regulations, requiring courts to interpret them independently (de novo review)