So, it would allow for the states to pass resolutions like, "Public Law 63-43 is hereby rescinded," or "United States Code, title __, chapter ___ Section ____ is hereby rescinded," or even "Code of Federal Regulations, ... is hereby rescinded."
Upon the identically worded resolutions of the legislatures of three quarters of the states, any law or regulation of the United States, identified with specificity, is thereby rescinded.
This does take the US Congress and the President out of the loop, but the requirement is very high (legislatures of 3/4ths of the states), similar to the requirement for state legislatures to amend the United States Constitution.
Overall, I like it, and it's one of several amendments I would like my state legislature to pass resolutions in favor of in an attempt to move them forward.
"Any provision of law or regulation of the United States may be repealed by the several states, and such repeal shall be effective when the legislatures of two-thirds of the several states approve resolutions for this purpose that particularly describe the same provision or provisions of law or regulation to be repealed."
But whatever version, all seem to be quite open as to the scope of the repeal. I do not like the requirement proposed for identical wording. That adds an unnecessary and burden to the process. It is sufficient that the provisions to be repealed are described with specificity or as this version puts it "particularly described".