SEN. MIKE LEE AND REP. MARK WALKER: Make Government Accountable Again. “Our bill would, for the first time, require Congress to set a regulatory burden budget for each federal agency. So, for example, if Congress established a $200 billion regulatory budget for the Department of Energy, and if the cumulative compliance costs of all existing DOE regulations totaled $190 billion at the time that Congress approved their budget, the Department would have $10 billion of regulatory-cost authority remaining for any new regulations to be issued in that fiscal year.”

It’s a good bill, but I’d prefer withdrawing rulemaking authority from agencies entirely and requiring that any regulations be introduced in, and passed by, Congress before having binding effect.