118 HR 10562 IH: Reviewing the Effects of Programs, Orders, and Rules with Thorough Study Act U.S. House of Representatives 2024-12-27 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I118th CONGRESS2d SessionH. R. 10562IN THE HOUSE OF REPRESENTATIVESDecember 27, 2024Ms. Williams of Georgia (for herself, Ms. Brown, Ms. Norton, Ms. Kelly of Illinois, Mr. Mfume, Ms. Crockett, Mrs. Watson Coleman, Ms. Kamlager-Dove, Mr. Mullin, Mr. Jackson of Illinois, Mr. Ivey, and Mrs. Ramirez) introduced the following bill; which was referred to the Committee on Oversight and Accountability, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concernedA BILLTo require analyses of the impact of Government rules, programs, and policies on poverty and racial inequity, including the racial wealth gap, and for other purposes.

1.

Short title

This Act may be cited as the Reviewing the Effects of Programs, Orders, and Rules with Thorough Study Act or the REPORTS Act.

2.

Impact of Federal agency rules on individuals living at, near, or below the poverty line and racial inequity; GAO reports

(a)

Impact of regulations on poverty and racial inequity

Whenever an agency publishes notice of proposed rule making in the Federal Register for a major rule, the agency shall, with such notice, publish an analysis of the actual or potential impact of the major rule on—(1)individuals living at, near, or below the poverty line; and(2)racial inequity.(b)

GAO report on impact of Federal Government programs or policies on poverty and racial inequity

During the calendar year in which the date that is one year after the date of enactment of this Act falls, and during each of the following nine calendar years, the Comptroller General shall publish an electronic report on between two and five Government programs or policies with a substantial economic impact (as determined by the Comptroller General) within the past 5 fiscal years. Any such report shall examine the actual or potential impact of such programs or policies on—(1)individuals living at, near, or below the poverty line; and(2)racial inequity.(c)

Racial wealth gap

An analysis under subsection (a) or a report under subsection (b) may, at the discretion of the applicable agency head or the Comptroller General (as the case may be), include an analysis of the actual or potential impact of the major rule or Government program or policy (as the case may be) on the racial wealth gap.(d)

Definitions

In this Act—(1)the term agency has the meaning given that term in section 551 of title 5, United States Code; (2)the term major rule has the meaning given that term in section 804 of such title 5; and(3)the terms poverty line, racial inequity, and racial wealth gap, shall—(A)for purposes of an analysis under subsection (a), be defined as considered appropriate by the Director of the Office of Management and Budget; and(B)for purposes of a report under subsection (b), be defined as considered appropriate by the Comptroller General.