Regulatory Early Notice and Engagement Act of 2024

This bill requires federal agencies to publish detailed early notices about new regulations on their websites within 7 days of receiving an agency rulemaking ID number. The notices must explain the problem the rule addresses, justify why it's necessary (including whether alternatives like market incentives were considered), and invite public input on cost-effective solutions. Agencies must also provide these notices to the Comptroller General, who will create a public database and submit annual compliance reports to Congress. The bill directly affects all federal agencies developing new regulations and aims to increase transparency and public engagement in the regulatory process.