HB 3423

Amends the Regulatory Sunset Act. Provides that the Department of Financial and Professional Regulation shall conduct a review of each current regulatory program, including any costs and fees associated with each program. Provides that the Department shall create a report based on this review for each program and deliver the report to the General Assembly no later than 12 months prior to the termination of each program under the Act. Sets forth requirements for the report. Provides that the Department shall conduct a review of each potential new program, including any costs and fees associated with the potential new program. Provides that the Department shall create a new program report based on this review and deliver the report to the General Assembly no later than 30 days after the filing date of the bill in which the program is proposed. Sets forth requirements for the report. Provides that the Department shall complete a review and report for any program reviewed which becomes law 24 months after the effective date of the bill in which the program was proposed and shall subsequently conduct review and reporting duties according to the provided schedule. Provides that nothing in the amendatory provisions shall be construed to prevent the Department from conducting a review or publishing and delivering a report prior to the filing date of a piece of legislation if the Department reasonably believes a new program is necessary to meet a demonstrated public safety or welfare interest or the Department has received requests to regulate a previously unregulated profession.