Sunset of Federal regulations after 5 years

(a) Sunset Any covered rule issued by an agency after the date of the enactment of this Act shall sunset on the date that is five years after the effective date of such covered rule, unless specifically reauthorized by an Act of Congress. (b) After sunset An agency may not reissue, enforce, revise, or take other regulatory action related to a covered rule that has sunset under subsection (a). (c) Oversight by OMB and heads of agencies The Director of the Office of Management and Budget or the head of the relevant agency may oversee the sunset of covered rules under subsection (a).