Congressman Biggs Introduces AI Legislation to Reduce Overregulation

Today, Congressman Andy Biggs (R-AZ) introduced the Modernizing Retrospective Regulatory Review Act—legislation that would enable federal agencies to efficiently and accurately review regulations that may be outdated, redundant, or contain typographical errors. According to a 2016 study by the Mercatus Center at George Mason University, regulatory accumulation has resulted in an estimated $4 trillion loss in U.S. GDP from the 1980s to 2012. Congressman Biggs’s bill will help counter the disastrous impacts of regulatory accumulation by guiding agencies to utilize Artificial Intelligence (AI) technology to analyze previously issued regulations while adding measures to facilitate retrospective reviews. 

“American businesses must be given the opportunity to thrive without overbearing, costly, contradictory, and duplicative regulations mandated by the DC Swamp,”  said Congressman Biggs.“Federal overregulation takes a colossal toll on the U.S. economy. Thousands of new regulations go into effect every year, and there simply isn’t enough manpower or existing technology to sift through previously issued regulations. AI technology is an effective tool that can save taxpayer dollars, benefit American business owners, and promote economic growth.”

The legislation may be read here.