Independent Agency Regulatory Analysis Act of 2015 2016-12-09 Reported to Senate amended Independent Agency Regulatory Analysis Act of 2015

(Sec. 3) This bill authorizes the President to require an independent regulatory agency, while maximizing net benefits and considering costs, to comply with regulatory analysis requirements applicable to other federal agencies.

For any proposed or final economically significant rule (i.e., a rule that is likely to have an annual effect on the economy of $100 million or more or to adversely affect in a material way the economy, productivity, competition, jobs, the environment, public health or safety, or state, local, or tribal governments or communities), the President may require in independent regulatory agency to publish and provide the Office of Information and Regulatory Affairs (OIRA) with: (1) an assessment of the costs and benefits of such rule, (2) an assessment of costs and benefits of alternatives to such rule, and (3) an explanation of why the planned regulatory action is preferable to identified alternatives.

The President may require: (1) such an agency to submit any proposed or final economically significant rule to OIRA for review; (2) OIRA to submit for inclusion in the rule making record its assessment of the extent to which the agency has complied with regulatory analysis requirements; and (3) that if OIRA does not complete such assessment within 90 days, such agency shall be deemed to have met the requirement for review and may publish the final rule without inclusion of an assessment in the rule making record.

(Sec. 4) Compliance of an independent regulatory agency with this bill's requirements shall not be subject to judicial review.

]]> 2015-06-18 Introduced in Senate Independent Agency Regulatory Analysis Act of 2015

Authorizes the President to require an independent regulatory agency to: (1) comply, to the extent permitted by law, with regulatory analysis requirements applicable to other federal agencies; (2) publish and provide the Office of Information and Regulatory Affairs with an assessment of the costs and benefits of a proposed or final economically significant rule (i.e., a rule that is likely to have an annual effect on the economy of $100 million or more and is likely to adversely affect sectors of the economy in a material way) and an assessment of costs and benefits of alternatives to the rule; and (3) submit to the Office for review any proposed or final economically significant rule.

Prohibits judicial review of the compliance or noncompliance of an independent regulatory agency with the requirements of this Act.

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