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BANDWIDTH THROTTLING - CAP ON 20MB

I need to limit upload/download traffic for all host on my outside vlan, cap it to 20MB. The bursting capabilities the ISP provides is costing too much money.

Can somebody help with the right configuration? I did a little research and I have a pretty good idea of policing, etc. Because it's a production environment I don't want to play around with it.
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BDoellefeld
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Are you sure? Doesnt seem to be a Cisco ASA type of command but IOS for routers and switching.

I was looking into this, just didnt want to play around with it, dont want downtime in a production environment.
http://www.cisco.com/en/US/products/hw/vpndevc/ps2030/products_tech_note09186a008084de0c.shtml