Sunset Provision
外汇网2021-06-19 14:32:19
93
A clause in a statute, regulation or similar piece of legislation that provides for an automatic repeal of the entire or sections of a law once a specific date is reached. Once the sunset provision date is reached, the pieces of legislation mentioned in the clause are rendered void. If the government wishes to extend the length of time for which the law in question will be in effect, it can push back the sunset provision date any time before it is reached.
The purpose of a sunset provision is generally to allow lawmakers to institute a law when change or government action is required reasonably quickly, when the long-term ramifications of the law in question are difficult or impossible to foresee, or when circumstances warrant such a legal structure.A good example of legislation warranting a sunset provision is the U.S.A. Patriot Act. Intended to address relatively short-term security concerns following the events of September 11, 2001, the act, when it was initially drafted, included a sunset provision for December 31, 2005.
标签:
- 上一篇: Puke
- 下一篇: Capital Tax
随机快审展示
推荐文章
- 黑马在线:均线实战利器 8747 阅读
- 短线交易技术:外汇短线博弈精讲 4076 阅读
- MACD震荡指标入门与技巧 4208 阅读
- 黄金操盘高手实战交易技巧 4557 阅读
- 做精一张图 3309 阅读
热门文章
- 港币符号与美元符号的区别是什么啊? 25096 阅读
- 我国各大银行汇率为什么不一样啊? 15218 阅读
- 越南盾对人民币怎么算的?越南盾对人民币汇率换算方法是什么 10318 阅读
- 百利好环球欺诈,不给出金,无法联系。 9831 阅读
- 黑马在线:均线实战利器 8747 阅读