A lack of support from National means the Act Party's quest for what it calls the Holy Grail for better regulations is not likely to end soon.
Leader David Seymour has criticised the Government for not supporting the legislation, which he said would prevent sloppy or self-serving regulation.
"There has always been an objection that it [the legislation] will slow down the law-making process, and introduce more compliance for regulators and law-makers.
"Well, yes, that's the whole point - that New Zealanders out there building homes and businesses are often stifled by regulation."
Act has been pushing for a version of the Regulatory Standards Bill since 2006.