3.0.0 2982 2023-01-11T13:32:52Z 2023-01-11T13:32:52Z Senate S 2016-05-25 114 ssga00 Homeland Security and Governmental Affairs Committee Senate Standing Referred to 2016-05-25T17:06:07Z Article I Regulatory Budget Act 114 5319 HR 2016-05-24 Referred to the Committee on the Budget, and in addition to the Committees on Rules, the Judiciary, Oversight and Government Reform, and Small Business, 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 concerned. Related bill CRS 2016-05-25 ssga00 Homeland Security and Governmental Affairs Committee Senate Read twice and referred to the Committee on Homeland Security and Governmental Affairs. IntroReferral 2016-05-25 Introduced in Senate IntroReferral 10000 9 Library of Congress L000577 Sen. Lee, Mike [R-UT] Mike Lee R UT N R000595 Sen. Rubio, Marco [R-FL] Marco Rubio R FL 2016-05-25 True E000285 Sen. Enzi, Michael B. [R-WY] MICHAEL ENZI R WY B. 2016-05-25 True Economics and Public Finance Administrative law and regulatory procedures Budget process Congressional oversight Economic performance and conditions Government studies and investigations Legislative rules and procedure Small business Economics and Public Finance 00 2016-05-25 Introduced in Senate 2016-09-12T12:21:54Z Article I Regulatory Budget Act

This bill amends the Congressional Budget Act of 1974 and other laws to establish and enforce a federal regulatory budget.

The President's annual budget submission must include an analysis of the cost of compliance with current and proposed federal regulations and proposals for complying with the levels and allocations established pursuant to this bill.

The bill amends the Regulatory Flexibility Act to require agencies to provide additional analysis of the private sector costs for compliance with new regulations.

An agency may not issue certain guidance documents setting forth policies or interpretations regarding statutory, regulatory, or technical issues unless it has provided notice and an opportunity for comment.

A concurrent resolution on the budget must include levels for the federal regulatory cost for at least five years. The bill establishes a process for allocating the totals among congressional committees, agencies, programs, and major functional categories.

The bill establishes procedures for enforcing the requirements, including:

  • points of order which may be raised against legislation to enforce the allocations, subject to a waiver by Congress;
  • private rights of action in federal court; and
  • a requirement for appropriations legislation to include enforcement provisions.

The Congressional Budget Office (CBO) must submit: (1) a baseline projecting the federal regulatory cost over at least five years, (2) analysis of the federal regulatory cost of legislation reported by congressional committees, and (3) look-back reviews comparing CBO estimates with actual costs.

The Office of Management and Budget (OMB) and the CBO must submit jointly to the President and Congress an analysis of the cost and economic effects of federal regulations, including recommendations for improvements to the regulatory budgeting process.

Federal agencies and the Government Accountability Office must provide reports and cost estimates for specified regulations.

]]> Article I Regulatory Budget Act of 2016 Display Title Article I Regulatory Budget Act of 2016 Official Title as Introduced A bill to amend the Congressional Budget Act of 1974 to establish a Federal regulatory budget and to impose cost controls on that budget, and for other purposes. Introduced in Senate IS Short Titles as Introduced Article I Regulatory Budget Act of 2016 Introduced in Senate 2016-05-25T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114s2982is/xml/BILLS-114s2982is.xml 2016-05-25 Read twice and referred to the Committee on Homeland Security and Governmental Affairs. 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.