input: [Bill #] SB12-006 [Short Title] Efficiencies In State Regulatory System [Sponsors] NEVILLE / HOLBERT [Most Recent Status] 03/09/2012 Senate Committee on Appropriations Postpone Indefinitely [Calendar Notification] NOT ON CALENDAR [News Links] No news items found [Bill Summary] 
output: The bill requires the committee on legal services to appoint a task force (COLS task force) to review the state's regulatory system and make recommendations related to whether: * The current system creates a regulatory advantage to one segment of an industry at the expense of another; * The existing availability of cost-benefit analysis needs strengthening in order to produce meaningful measures of adverse impacts on consumers and private industry; * The enforcement practices of the current system, if any, create perverse incentives for unreasonably punitive fines and penalties on private parties; * Economic conditions merit a downsizing of the regulatory body with resulting reduction of financial compliance costs; * A particular regulated industry is regulated in an outmoded form of regulation that is no longer advisable; * Currently regulated industries are regulated by other means; * Continued regulation of the regulated industry is justified; * The current system regulates fewer businesses than it did in a previous state fiscal year; and * Compliance costs could be reduced or eliminated at no risk to the public welfare or environment and at no risk of creating or protecting a monopoly. The COLS task force must report to the committee on legal services by January 1, 2013, and the committee on legal services must then recommend to the general assembly such legislation regarding the findings and recommendations of the COLS task force as may be necessary. The bill also addresses the circumstances under which staff assistance will be available for the COLS task force.