PlainBillCongress, translated.Legislation. Context. Public interest.Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Congressional Research Service
Version 00 · Introduced in Senate · Jul 31, 2019
Reducing Excessive Government Act of 2019 or the REG Act
This bill requires Congress, within 60 days after the debt limit is increased or suspended, to enact legislation eliminating agency rules that effectuates a reduction of the direct cost of federal regulation during a specified 10-fiscal-year period by at least 15% of the amount of the increase of the debt limit.
If the debt limit is increased or suspended, each agency must submit to the Senate, the House of Representatives, and the Government Accountability Office a report identifying each major rule of the agency. A major rule is an agency rule likely to result in (1) an annual effect on the economy of $100 million or more; (2) a major increase in costs or prices for consumers, individual industries, government agencies, or geographic regions; or (3) significant adverse effects on competition, employment, investment, productivity, or innovation or on the ability of U.S.-based enterprises to compete with foreign-based enterprises in domestic and export markets.
Showing the opening paragraphs of the official summary.
The bill further specifies procedures for both houses to recommend a list of rules for repeal and the expedited consideration of a joint resolution to repeal such rules. If the Office of Management and Budget determines that such legislation has not been enacted by the prescribed deadline, then the public debt limit must be set equal to the total amount of outstanding obligations on that date.
People & committees
Sen. Gardner, Cory [R-CO] · R–CO
Legislative record
A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Introduced in Senate
Primary sources
Text links open the official source. We currently store references to these documents.
No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.
Source last updated: Jan 14, 2025. Consult Congress.gov for the current record.
AI Conversation Starters
Choose a perspective, copy a prompt, and paste it into your preferred AI. Each prompt includes the bill version and available official source links, and asks for counterarguments as well as supporting evidence.
Analyze S.2378 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.
Examine S.2378 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.
Examine S.2378 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.
Examine S.2378 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.