3.0.0 170 2023-01-11T13:46:42Z 2023-01-11T13:46:42Z Senate S 2021-02-02 117 ssga00 Homeland Security and Governmental Affairs Committee Senate Standing Referred to 2021-02-02T20:40:18Z Unfunded Mandates Accountability and Transparency Act 117 701 HR 2021-03-22 Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law. Identical bill CRS 2021-02-02 ssga00 Homeland Security and Governmental Affairs Committee Senate Read twice and referred to the Committee on Homeland Security and Governmental Affairs. IntroReferral 2021-02-02 Introduced in Senate IntroReferral 10000 9 Library of Congress P000449 Sen. Portman, Rob [R-OH] Rob Portman R OH N L000575 Sen. Lankford, James [R-OK] James Lankford R OK 2021-02-02 True F000463 Sen. Fischer, Deb [R-NE] Deb Fischer R NE 2021-02-02 True S001217 Sen. Scott, Rick [R-FL] Rick Scott R FL 2021-02-02 True Government Operations and Politics Administrative law and regulatory procedures Competition and antitrust Congressional oversight Consumer affairs Economic performance and conditions Federal Reserve System Federal-Indian relations Government information and archives Government studies and investigations Intergovernmental relations Judicial review and appeals Labor market Monetary policy Office of Management and Budget (OMB) Performance measurement Small business State and local finance Government Operations and Politics 00 2021-02-02 Introduced in Senate 2021-02-25T16:03:17Z Unfunded Mandates Accountability and Transparency Act

This bill revises rulemaking requirements with respect to unfunded mandates.

Specifically, the bill requires federal agencies to prepare and publish in the Federal Register an initial and final regulatory impact analysis prior to promulgating any proposed or final major rule. The analysis must include regulatory alternatives to the rule.

Major rule means a rule that the Office of Information and Regulatory Affairs determines is likely to cause

  • an annual effect on the economy of $100 million or more;
  • a major increase in costs or prices for consumers, individual industries, federal, state, local, or tribal government agencies, or geographic regions; or
  • significant adverse effects on competition, employment, investment, productivity, innovation, public health and safety, or the ability of U.S.-based enterprises to compete with foreign-based enterprises in domestic and export markets.

Before promulgating any proposed or final major rule, an agency shall select the regulatory alternative that maximizes net benefits, taking into consideration only the costs and benefits that arise within the scope of the statutory provision that authorizes the rulemaking, with exceptions.

The bill prohibits Congress from considering a bill that increases private sector costs more than a certain amount unless certain conditions are met.

]]> Unfunded Mandates Accountability and Transparency Act Display Title Unfunded Mandates Accountability and Transparency Act Official Title as Introduced A bill to amend the Unfunded Mandates Reform Act of 1995 to provide for regulatory impact analyses for certain rules, and for other purposes. Introduced in Senate IS Short Title(s) as Introduced Unfunded Mandates Accountability and Transparency Act Introduced in Senate IS Introduced in Senate 2021-02-02T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s170is/xml/BILLS-117s170is.xml 2021-02-02 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.