Senate Bill No. 318, known as the Regulations from the Executive in Need of Scrutiny (REINS) Act of 2025, aims to enhance the legislative oversight of major administrative rules proposed by state agencies in Oklahoma. The bill defines key terms such as "agency," "implementation and compliance costs," and "major rule," with a major rule being one that incurs implementation costs of $1,000,000 or more over a five-year period. It mandates that agencies conducting major rule submissions must provide an economic impact analysis, detailing the costs and benefits of the proposed rule, and consult with relevant stakeholders, including local governments and businesses.

Additionally, the bill establishes a Legislative Economic Analysis Unit (LEAU) within the Legislative Office of Fiscal Transparency to conduct independent analyses of proposed major rules. The LEAU will assess compliance with the new requirements and report its findings to legislative committees. Furthermore, major rules will not take effect unless specifically approved by the Legislature through a joint resolution. The bill also amends existing law regarding the submission of rule reports to include new requirements for agencies and updates the titles of recipients of these reports. The act is set to take effect on November 1, 2025.

Statutes affected:
Introduced: 75-250.3, 75-253
Committee Substitute: 75-303.1
Floor (Senate): 75-303.1