Public Law 118 – 167 – Paperwork Burden Reduction Act
Enacted: December 29, 2022
Purpose:
The Paperwork Burden Reduction Act (PBRA) aims to reduce the burden of paperwork and administrative costs imposed on businesses and individuals by federal agencies. It establishes new requirements and provides incentives for agencies to streamline regulations and simplify compliance.
Key Provisions:
- Cost-Benefit Analysis: Requires agencies to conduct a cost-benefit analysis for any proposed regulation that is likely to have a significant economic impact on a substantial number of small businesses.
- Regulatory Review: Establishes a centralized review process for all proposed and existing regulations to identify and eliminate unnecessary duplication and burdens.
- Small Business Advocacy Review Panel: Creates a panel to review regulations that may have a disproportionate impact on small businesses and recommend ways to minimize burdens.
- Electronic Reporting: Encourages agencies to use electronic reporting systems to reduce paperwork and streamline compliance.
- Sunset Provisions: Requires agencies to review existing regulations regularly and eliminate those that are no longer necessary or effective.
- Flexibility for Small Businesses: Provides small businesses with flexibility and exemptions from certain reporting requirements.
Implementation Timeline:
Agencies have two years to implement the provisions of the PBRA.
Expected Impact:
The PBRA is expected to have the following impacts:
- Reduced paperwork burden for businesses and individuals
- Simplified compliance with regulations
- Reduced administrative costs
- Improved efficiency and effectiveness of government regulations
Background:
The Paperwork Reduction Act of 1980 established the initial framework for reducing paperwork burdens. However, over time, regulatory burdens have proliferated. The PBRA aims to address these concerns and provide a more comprehensive approach to paperwork reduction.
Conclusion:
The Paperwork Burden Reduction Act represents a significant step towards reducing the regulatory burden on businesses and individuals. By implementing its provisions, federal agencies can streamline regulations, simplify compliance, and create a more efficient and effective government.
Public Law 118 – 167 – Paperwork Burden Reduction Act
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