[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5136 Introduced in House (IH)]

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114th CONGRESS
  2d Session
                                H. R. 5136

     To amend the Federal Trade Commission Act to require that any 
     legislative or regulatory recommendation of the Federal Trade 
    Commission be accompanied by an economic analysis and include a 
    description of the rationale for such legislation or regulation.


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                    IN THE HOUSE OF REPRESENTATIVES

                             April 29, 2016

  Mr. Pompeo introduced the following bill; which was referred to the 
                    Committee on Energy and Commerce

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                                 A BILL


 
     To amend the Federal Trade Commission Act to require that any 
     legislative or regulatory recommendation of the Federal Trade 
    Commission be accompanied by an economic analysis and include a 
    description of the rationale for such legislation or regulation.

    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 ``Revealing Economic Conclusions for 
Suggestions Act'' or the ``RECS Act''.

SEC. 2. REQUIREMENT OF ANALYSIS AND RATIONALE FOR LEGISLATIVE AND 
              REGULATORY RECOMMENDATIONS.

    Section 6(f) of the Federal Trade Commission Act (15 U.S.C. 46(f)) 
is amended by inserting after ``That the Commission'' the following: 
``shall not submit any recommendations for legislative or regulatory 
action without an economic analysis by the Bureau of Economics of the 
Commission sufficient to demonstrate that the Commission has identified 
a problem it determines should be addressed, including the rationale 
for the Commission's determination that private markets or public 
institutions could not adequately address the issue, and that its 
recommended legislative or regulatory action is based on a reasoned 
determination that the benefits of the recommended action outweigh its 
costs: Provided further, That the Commission''.
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