This bill makes existing rules of a federal agency (i.e. each authority of the federal government, except the Congress, U.S. courts, the governments of U.S. territories or possessions, and the government of the District of Columbia) inoperative 10 years after promulgation, but allows extensions for additional periods of not more than 10 years if the agency promulgates the expiring rule in compliance with the notice and comment requirements of the Administrative Procedure Act.

The bill expands the definition of "final agency action" for purposes of judicial review to include interpretative rules, general statements of policy, and rules of agency organization, procedure or practice issued by an agency.

The bill grants exclusive jurisdiction to the federal courts of appeal (except for the Court of Appeals for the Federal Circuit) to review all rules of an agency that cease to be effective under this Act and that the agency continues to enforce.