[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[S. 1472 Introduced in Senate (IS)]

113th CONGRESS
  1st Session
                                S. 1472

To create a division within the Congressional Budget Office that would 
                      perform regulatory analysis.


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                   IN THE SENATE OF THE UNITED STATES

                             August 1, 2013

 Ms. Klobuchar (for herself and Ms. Collins) introduced the following 
 bill; which was read twice and referred to the Committee on the Budget

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                                 A BILL


 
To create a division within the Congressional Budget Office that would 
                      perform regulatory analysis.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Strengthening Congressional 
Oversight of Regulatory actions for Efficiency''.

SEC. 2. REGULATORY ANALYSIS BY CBO.

    Title II of the Congressional Budget Act of 1974 is amended by 
inserting at the end the following:

                     ``regulatory analysis division

    ``Sec. 204.  (a) In General.--The Director shall establish and 
maintain a separate Regulatory Analysis Division (referred to in this 
section as the `division') within the Office that shall be responsible 
for assessing the impact of Federal rules and regulations.
    ``(b) Analysis.--The responsibilities of the division shall 
include--
            ``(1) an analysis, during the public comment period upon 
        the proposal of a rule, of the prospective economic impact of 
        economically significant rules having an annual effect on the 
        economy of $100,000,000 or more or adversely affect in a 
        material way the economy, a sector of the economy, 
        productivity, competition, jobs, the environment, public health 
        or safety, or State, local, or tribal governments or 
        communities; and
            ``(2) analysis of economically significant regulations that 
        have been in effect for 5 years, including an analysis of costs 
        and benefits to determine if the regulation is meeting the 
        stated goals the regulation was intended to provide.
    ``(c) Authorization for Appropriation.--There are authorized to be 
appropriated such sums as are necessary for the division to carry out 
its duties.''.
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