The bill establishes new requirements for the review and analysis of administrative rules in Wyoming. It mandates that the chief economist of the legislative service office conduct a regulatory impact analysis for each rule submitted, which must include a statement of need, statutory authority, evaluation of alternatives, and a detailed assessment of costs and benefits. The analysis must be completed within 50 days of the rule's submission and shared with all members of the legislature and the public. Additionally, the bill amends existing laws to clarify the roles of the legislative service office and the management council in the rule review process, ensuring that all rules are reviewed in accordance with the new analysis requirements.

Key amendments include the appointment of a chief economist by the director of the legislative service office to oversee the analysis process, and changes to notification procedures for legislators regarding new rules. The bill also appropriates $400,000 from the general fund to support the hiring of staff necessary for implementing these provisions. The act will apply to all rules for which notice is given after July 1, 2026, with certain sections becoming effective immediately upon the bill's passage.

Statutes affected:
Introduced: 16-3-101, 16-3-102, 16-3-103, 16-3-104, 28-8-103, 28-9-101, 28-9-104, 28-9-106
Engrossed: 28-8-103, 28-9-101, 28-9-103, 28-9-104, 28-9-107