1. Short title This Act may be cited as the Regulatory Early Notice and Engagement Act of 2024 . 2. Findings Congress finds the following: (1) Federal agencies regulate via grants of authority contained in public laws. (2) To earn and maintain public trust, this regulatory power must be exercised with full transparency. Providing such transparency early in the process of developing regulations also enables the public to provide informed input into that process. (3) Agencies should promulgate only such regulations as are necessary. (4) Agencies should report to Congress on the necessity of developing each new regulation. (5) This information should be made publicly accessible upon initiation of a new rulemaking to facilitate both public engagement and congressional oversight. 3. Regulatory early notice (a) Online notice of initiation Chapter 6 of title 5, United States Code, is amended by adding after section 601 the following: 601A. Regulatory early notice (a) Regulatory early notice webpage (1) Webpage required The head of each agency shall maintain on the website of the agency a regulatory early notice webpage. (2) Requirement to publish on webpage Not later than 7 days after the date on which the Director of the Office of Management and Budget assigns a regulation identifier number to an agency rulemaking, the head of the relevant agency shall— (A) publish on the regulatory early notice web page of the agency a regulatory early notice for that rulemaking