SD SB133

Defines "major rule" as any proposed rule with implementation and compliance costs exceeding $3,000,000 over two years for businesses, individuals, nongovernmental entities, and local governments

Requires agencies to prepare a regulatory impact analysis for all proposed permanent rules, including cost-benefit evaluation, small business impact assessment, legal basis, and examination of alternatives

Grants the Interim Rules Review Committee authority over major rules to either revert them for amendment, approve them with sufficient legislative authority, or recommend they be enacted through future legislation

Mandates that major rules not approved by the committee require specific statutory authorization from the Legislature before taking effect

Establishes de novo judicial review of whether a rule qualifies as a major rule and repeals existing section 1-26-2.1