A bill to require that a Federal agency may not require that any person maintain records for a period of five years, and a Federal agency may not commence an action for enforcement of a law or regulation or for collection of a civil fine after five years from the date of the act which is the subject of the enforcement action or fine, and for other purposes.
Limitation on Government Recordkeeping Requirements and Actions Act of 1981 - Prohibits any Federal agency from: (1) requiring any person to maintain, prepare, or produce records of an event more than five years after the event has occurred; or (2) commencing an action against a person for a violation of a regulation more than five years after such violation has occurred, except as otherwise provided by the Internal Revenue Code or in any case involving dangerous material, fraud, a willful violation, or a misleading statement of material fact.
Introduced in Senate
Read second time and referred to Senate Committee on Judiciary.
Referred to Subcommittee on Regulatory Reform.
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