sunset law

sunset law definition - finance
A law that is passed with a specified date upon which it will expire. Sunset laws are favored by people who disapprove of government intervention and regulation and believe it is a good idea to periodically review whether laws and regulations are still needed. Sunset provisions gained in popularity in the 1970s and 1980s.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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