The bill establishes a new Regulatory Review Office within the office of the governor, which will be responsible for overseeing the rulemaking process under the Wyoming Administrative Procedure Act. The office will conduct cost-benefit analyses for each rule proposed by state agencies, ensuring compliance with the new requirements and maintaining consistency across agency rules. The bill mandates that each agency submit an annual regulatory plan detailing anticipated rulemakings and steps to streamline their rules. Additionally, the office will conduct systematic reviews of existing rules every five years to identify those that may be outdated or burdensome.

To support the establishment of the Regulatory Review Office, the bill authorizes three full-time positions and appropriates $400,000 from the general fund for their funding through June 30, 2026. The bill also includes specific amendments to existing law, such as requiring a cost-benefit analysis to be completed before any rule can be adopted, amended, or repealed. The act is set to take effect on July 1, 2025, with certain sections becoming effective immediately upon the bill's passage.

Statutes affected:
Introduced: 16-3-102, 16-3-103