RESTORE Resolution of 2024

This bill establishes a temporary 30-member Joint Select Committee on Regulatory Reform to review how federal agencies issue regulations. The committee would examine current regulatory processes, identify rules that could be repealed, and recommend ways for Congress to review proposed regulations with significant economic impact ($50 million or more annually) before they take effect. Composed of 15 Senate members and 15 House members appointed by party leadership, the committee would operate for one year and hold hearings on regulatory burdens across different economic sectors. It would also analyze the feasibility of creating a permanent committee to review major regulations, with recommendations submitted to Congress within 90 days of its termination.