3.0.0 3863 2023-01-11T13:27:10Z 2023-01-11T13:27:10Z House H HR 2014-01-14 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. BRADY of Texas:H.R. 3863.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8 of the U.S. Constitution whichoutlines Congress' authority ``to regulate commerce . . .among the several states.'' This is where Congress derivesits regulatory powers.[Page H224]]]> hsju00 Judiciary Committee House Standing hsju05 Administrative State, Regulatory Reform, and Antitrust Subcommittee Referred to 2014-03-20T14:03:33Z Referred to 2014-01-14T15:00:40Z Sound Regulation Act of 2014 113 2099 S 2014-03-10 Read twice and referred to the Committee on Homeland Security and Governmental Affairs. Related bill CRS 2014-03-20 hsju05 Administrative State, Regulatory Reform, and Antitrust Subcommittee 1 House committee actions Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law. Committee 2014-01-14 Referred to the House Committee on the Judiciary. IntroReferral H11100 2 House floor actions hsju00 Judiciary Committee 2014-01-14 Introduced in House IntroReferral Intro-H 9 Library of Congress 2014-01-14 Introduced in House IntroReferral 1000 9 Library of Congress B000755 Rep. Brady, Kevin [R-TX-8] KEVIN BRADY R TX 8 N F000448 Rep. Franks, Trent [R-AZ-8] Trent Franks R AZ 8 2014-01-27 False K000376 Rep. Kelly, Mike [R-PA-3] Mike Kelly R PA 3 2014-01-27 False F000461 Rep. Flores, Bill [R-TX-17] Bill Flores R TX 17 2014-01-27 False K000362 Rep. King, Steve [R-IA-4] Steve King R IA 4 2014-01-27 False H001052 Rep. Harris, Andy [R-MD-1] Andy Harris R MD 1 2014-01-27 False C001096 Rep. Cramer, Kevin [R-ND-At Large] Kevin Cramer R ND 0 2014-01-27 False D000621 Rep. DeSantis, Ron [R-FL-6] Ron DeSantis R FL 6 2014-01-27 False P000599 Rep. Posey, Bill [R-FL-8] Bill Posey R FL 8 2014-01-27 False G000567 Rep. Griffin, Tim [R-AR-2] Tim Griffin R AR 2 2014-01-27 False S001192 Rep. Stewart, Chris [R-UT-2] Chris Stewart R UT 2 2014-01-27 False H001059 Rep. Hultgren, Randy [R-IL-14] Randy Hultgren R IL 14 2014-02-03 False Y000063 Rep. Yoder, Kevin [R-KS-3] Kevin Yoder R KS 3 2014-02-03 False G000562 Rep. Gardner, Cory [R-CO-4] Cory Gardner R CO 4 2014-02-03 False R000592 Rep. Rokita, Todd [R-IN-4] Todd Rokita R IN 4 2014-05-06 False Government Operations and Politics Administrative law and regulatory procedures Competitiveness, trade promotion, trade deficits Congressional oversight Economic performance and conditions Government studies and investigations Property rights Government Operations and Politics 00 2014-01-14 Introduced in House 2014-03-25T13:51:50Z Sound Regulation Act of 2014 - Establishes additional requirements for rulemaking under the Administrative Procedure Act (APA), including:

  • identification by a federal agency, in the context of a coherent conceptual framework and supported with objective data, of the nature and significance of the market failure, regulatory failure, or other problem that necessitates regulatory action and why other alternatives, such as market forces or state or local regulations, could not address the problem better than federal regulation; 
  • establishment by an agency of an achievable objective for its regulatory action;
  • development of at least three regulatory options, in addition to not regulating, that the agency estimates will provide the greatest benefits for the least cost in meeting the regulatory objective;
  • an estimate by each agency of the costs and benefits of each regulatory option developed, at least to the extent the agency is able to exclude options whose costs exceed their benefits, and rank such options by cost from lowest to highest;
  • publication for public comment of all analyses, documentation, and data relating to the requirements of this Act for a public comment period of at least 30 days;
  • establishment, by rule, of the specific cost-benefit analysis methodology appropriate to the functions and responsibilities of the agency and establishment of an appropriate period for review of new rules to assess their cost-effectiveness; and
  • justification of why the agency does not select the least-cost regulatory option as its proposed rule.

Requires the Comptroller General (GAO), for purposes of congressional review, to examine and report on: (1) each agency cost-benefit analysis for compliance with the requirements of this Act, including the agency methodology for such analysis; (2) risk analysis pertaining to the cost-benefit analysis; and (3) agency quadrennial regulatory reviews for consistency with the requirements of this Act.

]]> Sound Regulation Act of 2014 Display Title Sound Regulation Act of 2014 Short Titles as Introduced Sound Regulation Act of 2014 Official Title as Introduced To amend title 5, United States Code, to establish uniform requirements for thorough economic analysis of regulations by Federal agencies based on sound principles, and for other purposes. Introduced in House 2014-01-14T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr3863ih/xml/BILLS-113hr3863ih.xml 2014-03-20 Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law. 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. Congressional Research Service, Library of Congress 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.