An Act To Reduce Regulatory Costs for Maine Businesses

CONCEPT DRAFT SUMMARY

This bill is a concept draft pursuant to Joint Rule 208.

This bill proposes to reduce regulatory costs for businesses in the State by establishing a council on private sector regulatory costs composed of private sector business leaders. The council would:

1. Have the power to compel staffing from any state agency;

2. Have the authority to compel a state agency to cooperate with the council in developing a new regulatory regime for State Government;

3. Develop a new approach to regulation of private sector businesses based on broad principles rather than specific rules and regulations; and

4. Report its findings and recommendations for the implementation of principle-based regulation to the Legislature by December 1, 2007.