Modernizing Retrospective Regulatory Review Act

This bill requires federal agencies to make their regulations available in machine-readable formats and use technology like AI to review existing rules. It mandates a report within 180 days on progress toward machine-readable regulations, followed by OMB guidance within 18 months on using technology to identify outdated, redundant, or problematic rules. Agencies must submit implementation plans within two years detailing how they will use this technology for retrospective reviews, including training staff. The law directly affects all federal agencies responsible for creating regulations, focusing on streamlining how they assess and update existing rules.