A bill for an act establishing processes for delay, rescission, and approval of certain administrative rules based on fiscal impact and including applicability provisions.

HF 718 establishes a process for delaying, rescinding, or approving certain state agency rules based on their fiscal impact. If a rule would cause $1 million or more in annual costs (or $5 million combined over five years) for affected entities, including the agency itself, its effective date is delayed until after the next legislative session ends. If the legislature does not approve the rule via joint resolution before the session adjourns, the rule is automatically rescinded and removed from state regulations. This applies to rules adopted by state agencies after July 1, 2026, and affects agencies creating rules with significant cost impacts on businesses, local governments, or other entities.