Administrative rules-independent review and analysis.

HB 312 creates a Regulatory Review Office within Wyoming's governor's office to oversee state agency rulemaking. It requires all state agencies to conduct cost-benefit analyses for new rules, evaluating costs to businesses, benefits to residents, and impacts on state revenue and spending. The office must review agency rules every five years to identify outdated or burdensome rules for potential repeal, and agencies must submit annual regulatory plans detailing rulemaking and streamlining efforts. This bill directly affects all state agencies that create regulations, mandating new review processes and transparency requirements for rule changes.