Requires all state departments to report the cost of complying with federal regulations to the department of economic development

This bill requires all state departments to calculate and report the expenses they incur while following federal regulations. On a quarterly basis, these departments must send their cost reports to the Department of Economic Development. The department will then share these reports with the General Assembly and make them accessible to the public on its website. This change aims to increase transparency by allowing lawmakers and citizens to see how much state agencies spend on federal compliance.