VirginiaRegulatory Budget Program; established, report.
What it does
Department of Planning and Budget; Regulatory Budget Program established; report. Directs the Department of Planning and Budget to establish a Regulatory Budget Program under which each executive branch agency subject to the Administrative Process Act shall reduce overall regulatory requirements by 25 percent by January 1, 2029. The bill requires the Department to report to the Speaker of the House of Delegates and the Chair of the Senate Committee on Rules on the status of the Program no later than October 1 of each year, beginning October 1, 2026.
More detail
Finally, the bill provides that the Department, in consultation with the Office of the Attorney General and the Registrar of Regulations, shall issue guidance for agencies regarding the Program and how an agency can comply with the requirements of the Program. The bill has an expiration date of January 1, 2029.
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Feb 3Passed by indefinitely in Finance and Appropriations (10-Y 5-N)Latest
- Vote recorded Passed by indefinitely in Finance and Appropriations. Result: pass.Upper
- Jan 26Fiscal Impact Statement from Department of Planning and Budget (SB705)
- Jan 14Referred to Committee on Finance and AppropriationsMinor
- Jan 14Prefiled and ordered printed; Offered 01-14-2026 26101968DIntroduced
- Feb 3Passed by indefinitely in Finance and Appropriations (10-Y 5-N)Latest