The bill amends the Administrative Procedures Act of 1969 to enhance Michigan's regulatory framework by redefining key terms such as "adoption," "agency," and "license." A significant addition is the definition of a "major rule," which is determined by its economic and social impact. The bill establishes a new joint committee on regulatory oversight and administrative review, tasked with overseeing the rule-making process, ensuring that proposed rules align with legislative intent, and maintaining accountability and transparency. It also outlines the procedures for promulgating rules, including public notice and comment periods, and specifies the conditions for amending or rescinding rules, particularly emphasizing the need for legislative approval for major rules.

Furthermore, the bill introduces a structured process for reviewing proposed nonmajor rules, allowing the legislative committee to approve, disapprove, or require amendments within a specified timeframe. It includes provisions for the withdrawal of proposed nonmajor rules under certain conditions, while still permitting agencies to initiate new rulemaking for similar adoptions. The bill also repeals specific sections of the Administrative Procedures Act, indicating a significant restructuring of the rulemaking process. The enactment of this bill is contingent upon the passage of House Bill No. 5817.