The bill S. 4920, also known as the “LIBERATE Act,” seeks to establish a "Regulatory Oversight and Review Task Force" to evaluate and suggest improvements to federal regulations that may hinder competition and increase costs for U.S. businesses. Comprising members from...
Simple Explanation
The bill wants to create a group of smart people to look at rules for businesses and see if they can make them better or easier. They will listen to ideas from people and tell Congress what they find, so they can help businesses work without too much fuss.