[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4698 Introduced in House (IH)]







106th CONGRESS
  2d Session
                                H. R. 4698

 To amend the Congressional Budget Act of 1974 to authorize and direct 
the Director of the Congressional Budget Office to prepare estimates of 
   the impact of proposed Federal agency rules affecting the private 
                                sector.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             June 20, 2000

    Mr. Green of Wisconsin introduced the following bill; which was 
                referred to the Committee on the Budget

_______________________________________________________________________

                                 A BILL


 
 To amend the Congressional Budget Act of 1974 to authorize and direct 
the Director of the Congressional Budget Office to prepare estimates of 
   the impact of proposed Federal agency rules affecting the private 
                                sector.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. CONGRESSIONAL BUDGET OFFICE REPORTS ON PROPOSED FEDERAL 
              AGENCY RULES.

    Section 202 of the Congressional Budget Act of 1974 is amended by 
adding at the end the following new subsection:
    ``(h) CBO Reports on Agency Rules Affecting the Private Sector.--
(1) At the request of the chairman or ranking minority member of any 
committee (or of any subcommittee thereof) of the House of 
Representatives or the Senate, the Director shall, to the extent 
practicable, prepare a report estimating the cost to the private sector 
(including any financial impact on such sector) of any proposed Federal 
agency rule for the first fiscal year for which the proposed rule will 
take effect and each of the ensuing 4 fiscal years.
    ``(2) As used in paragraph (1):
            ``(A) The term `Federal agency' means any agency as that 
        term is defined in section 551(1) of title 5, United States 
        Code.
            ``(B) The term `private sector' means all persons or 
        entities in the United States, including individuals, 
        partnerships, associations, corporations, and educational and 
        nonprofit institutions, but shall not include State, local, or 
        tribal governments.
            ``(C) The term `rule' has the meaning given such term in 
        section 804(3) of such title.''.
                                 <all>