HB 3497

Amends the Regulatory Sunset Act. Provides that, in the calendar year 2 years before a regulatory agency or program is scheduled for termination (rather than annually), the Governor's Office of Management and Budget shall study the performance of each regulatory agency and program scheduled for termination under the Act and report to the Governor the results of the study. Requires the Governor to review the report of the Governor's Office of Management and Budget and, no later than December 1st of the year preceding the year of termination (rather than in each even-numbered year), make recommendations to the General Assembly on the termination, modification, or continuation of regulatory agencies and programs.