SMART Act of 2025

The SMART Act of 2025 requires federal agencies to create and implement frameworks for assessing the effectiveness of major regulations after they take effect. It defines "major rules" as those with significant economic impact ($100 million+ annually), major cost increases for consumers or industries, or substantial effects on competition, health, or the environment. Agencies must include these assessment plans when publishing proposed major rules and conduct formal reviews within 10 years of a rule's implementation, measuring actual benefits, costs, and whether the rule still meets its goals. This affects all federal agencies issuing major regulations (like EPA or Labor rules) and the businesses, communities, and individuals subject to those rules. The Office of Management and Budget oversees compliance and requires public publication of assessment results.