(1)
Requirement for rule— An agency may not issue a rule unless such agency has repealed three or more rules described in paragraph (4) that, to the extent practicable, are related to the rule.
(2)
Requirement for major rule—
(A)
Repeal required— An agency may not issue a major rule unless—
(i)
such agency has repealed three or more rules described in paragraph (4) that, to the extent practicable, are related to the major rule; and
(ii)
the cost of the new major rule is less than or equal to the cost of the rules repealed.
(B)
Certified cost— For any rule issued in accordance with subparagraph (A), the Administrator of the Office of Information and Regulatory Affairs of the Office of Management and Budget must have certified that the cost of the new major rule is equal to or less that the cost of the rules repealed.
(3)
Publication required— Any rule repealed under paragraph (1) or (2) shall be published in the Federal Register.
(4)
Applicability— This section—
(A)
applies to any rule or major rule that imposes a cost or responsibility on a nongovernmental person or a State or local government; and
(B)
shall not apply to any rule or major rule—
(i)
that relates to the internal policy or practice of an agency or procurement by the agency; or
(ii)
that is being revised to be less burdensome to decrease requirements imposed by the rule or cost of compliance.
(5)
Review of agency rules— Not later than 90 days after the date of the enactment of this Act, the head of each agency shall submit to Congress and the Director of the Office of Management and Budget a report that includes a review of each rule of the agency that identifies whether that rule is costly, ineffective, duplicative, or outdated, including a list of any other unnecessary regulatory restriction of the agency that is costly, ineffective, duplicative, or outdated.
(6)
Definitions— In this section:
(D)
State— The term State means each of the several States, the District of Columbia, each territory or possession of the United States, and each federally recognized Indian Tribe.