The Regulatory Consolidation Act of 2024 aims to streamline federal regulations, reducing redundancy and the burden on small businesses while maintaining regulatory integrity. The Act establishes the Regulatory Consolidation Committee, tasked with identifying overlapping regulations, simplifying compliance processes, and ensuring that any consolidation efforts are cost-effective. Special provisions are made to minimize the impact on small businesses, including tax credits and compliance relief measures. Public participation and transparency are prioritized, with opportunities for stakeholder input and access to information throughout the process. The Act seeks to balance regulatory efficiency with essential protections for public health, safety, and the environment.