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    <number>4116</number>
    <updateDate>2023-01-11T13:23:01Z</updateDate>
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    <introducedDate>2012-03-01</introducedDate>
    <congress>112</congress>
    <constitutionalAuthorityStatementText><![CDATA[<pre>From the Congressional Record Online through the Government Publishing Office [<a href='http://www.gpo.gov'>www.gpo.gov</a>]By Mr. LATHAM:H.R. 4116.Congress has the power to enact this legislation pursuantto the following:Article I, Section 1 and Section 5, Clause 2 of the UnitedStates Constitution; and Article I, Section 8 of the UnitedStates Constitution, including, but not limited to, Clauses1, 3 and 18.[Page H1134]</pre>]]></constitutionalAuthorityStatementText>
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        <title>Regulations From the Executive in Need of Scrutiny Act of 2011</title>
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        <number>10</number>
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        <title>Sunset Act of 2012</title>
        <congress>112</congress>
        <number>6333</number>
        <type>HR</type>
        <latestAction>
          <actionDate>2012-09-07</actionDate>
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        <congress>112</congress>
        <number>299</number>
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          <actionDate>2011-07-20</actionDate>
          <text>Committee on Homeland Security and Governmental Affairs. Hearings held. Hearings printed: S.Hrg. 112-220.</text>
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        <fullName>Rep. Latham, Tom [R-IA-4]</fullName>
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        <lastName>LATHAM</lastName>
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        <state>IA</state>
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    <subjects>
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          <name>Administrative law and regulatory procedures</name>
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          <name>Advisory bodies</name>
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          <name>Business investment and capital</name>
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          <name>Competitiveness, trade promotion, trade deficits</name>
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          <name>Inflation and prices</name>
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    <summaries>
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        <actionDate>2012-03-01</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2012-05-15T18:08:37Z</updateDate>
        <text><![CDATA[ <p>Regulatory Accountability and Economic Freedom Act of 2012 - Revises criteria for the federal agency rule making process. Requires federal agencies proposing a rule to make all preliminary and final factual determinations based on evidence and to consider: (1) the legal authority under which a rule may be proposed, (2) the specific nature and significance of the problem the agency may address with a rule, (3) any reasonable alternatives for a new rule, and (4) the potential costs and benefits associated with potential alternative rules.</p> <p> Requires agencies to publish in the Federal Register advance notice of proposed rule making for major rules, high-impact rules, and rules involving novel legal or policy issues. Defines "major rule" as any rule that is likely to impose: (1) an annual effect on the economy of $100 million or more, adjusted annually for inflation; (2) a major increase in costs or prices; (3) significant adverse effects on competition, employment, investment, productivity, innovation, or U.S. competitiveness; or (4) significant impacts on multiple sectors of the economy. Defines &quot;high-impact rule&quot; as any rule that is likely to impose an annual cost on the economy of $1 billion or more, adjusted annually for inflation. </p> <p>Rewrites provisions for congressional review of agency rule making to require congressional approval of major rules before they may take effect (currently, major rules take effect unless Congress passes and the President signs a joint resolution disapproving them). </p> <p>Sets forth House and Senate procedures for enacting joint resolutions approving major rules and disapproving non-major rules.</p> <p>Establishes the United States Red Tape Reduction Commission to advise federal agencies on the modification, consolidation, or elimination of federal regulatory requirements to reduce direct or indirect burdens on U.S. businesses.</p>]]></text>
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    <title>Regulatory Accountability and Economic Freedom Act of 2012</title>
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        <title>Regulatory Accountability and Economic Freedom Act of 2012</title>
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        <title>To provide for regulatory accountability and for the revision of economically burdensome regulations, and for other purposes.</title>
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      <actionDate>2012-03-06</actionDate>
      <text>Referred to the Subcommittee on Courts, Commercial and Administrative Law.</text>
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    <dc:rights>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.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
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