This bill establishes a new requirement for federal agencies seeking to issue new regulations. Before an agency can issue any new rule , it must first repeal at least three existing rules that are, to the extent practicable, related to the new rule being proposed. This measure aims to reduce the overall regulatory burden by linking the creation of new regulations to the elimination of older ones. For major rules , the requirements are more stringent. An agency must not only repeal three or more related rules, but the cost of the new major rule must also be less than or equal to the cost of the rules repealed. This cost comparison must be certified by the Administrator of the Office of Information and Regulatory Affairs within the Office of Management and Budget, ensuring a net reduction or at least no increase in regulatory costs. These provisions apply to any rule or major rule that imposes a cost or responsibility on a nongovernmental person or a State or local government. However, they do not apply to rules related to internal agency policy, procurement, or revisions intended to decrease existing burdens. Additionally, within 90 days of enactment, each agency head must submit a report to Congress and OMB reviewing their existing rules to identify those that are costly, ineffective, duplicative, or outdated.