; or (B) the date on which the Commission terminates. II Regulatory Cut-Go 201. Cut-go procedures (a) In general Except as provided in section 101(j)(2), section 202, or subsection (b) of this section, when an agency makes a new rule, the agency shall repeal rules or sets of rules of that agency classified by the Commission under section 101(h)(4)(A)(ii), such that the annual costs of the new rule to the United States economy is offset by such repeals, in an amount equal to or greater than the cost of the new rule, based on the regulatory cost reductions of repeal identified by the Commission. (b) Alternative procedure (1) In general An agency may, alternatively, repeal rules or sets of rules of that agency classified by the Commission under section 101(h)(4)(A)(ii) prior to the time specified in subsection (a). (2) Application of reduction of cost If an agency repeals a rule or set of rules under paragraph (1) and thereby reduces the annual, inflation-adjusted cost of the rule or set of rules to the United States economy, the agency may thereafter apply the reduction in regulatory costs, based on the regulatory cost reductions of repeal identified by the Commission, to meet, in whole or in part, the regulatory cost reduction required under subsection (a) to be made at the time the agency promulgates a new rule. (c) Achievement of full net cost reductions (1) In general Subject to the provisions of paragraph (2), an agency may offset the costs of a new rule or set of rules by repealing a rule or set of rules listed by the Commission under section 101(h)(4)(A)(ii) that implement the same statutory authority as the new rule or set of rules. (2) Limitation When using the authority provided in paragraph (1), the agency shall achieve a net reduction in costs imposed by the body of rules of the agency (including the new rule or set of rules) that is equal to or greater than the cost of the new rule or set of rules to be promulgated, including, whenever necessary, by repealing additional rules of the agency listed by