SB 885: Restoring Accountability Act: major regulations.

<p>This bill aims to restore accountability in the state's regulatory process. It requires a state agency to submit a proposal to the legislature recommending legislation to authorize the adoption of a major regulation before taking final action. Major regulations have an economic impact of $50,000,000 or more on California businesses and individuals. The bill also allows for emergency regulations, but only if certain requirements are met and the regulation is not in effect for more than 180 days. Additionally, the bill permits a state agency to readopt an emergency regulation for a short period if a standardized regulatory impact analysis is prepared and submitted for comment, and the legislature enacts a law authorizing the regulation's adoption.</p>