[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5328 Introduced in House (IH)]

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114th CONGRESS
  2d Session
                                H. R. 5328

 To amend title 5, United States Code, to require a general notice of 
    proposed rule making for a major rule to include a cost-benefit 
         analysis of the proposed rule, and for other purposes.


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                    IN THE HOUSE OF REPRESENTATIVES

                              May 25, 2016

 Mr. Boustany introduced the following bill; which was referred to the 
                       Committee on the Judiciary

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                                 A BILL


 
 To amend title 5, United States Code, to require a general notice of 
    proposed rule making for a major rule to include a cost-benefit 
         analysis of the proposed rule, and for other purposes.

    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 ``Federal Agency Complete Transparency 
Act of 2016'' or the ``FACT Act of 2016''.

SEC. 2. COST-BENEFIT ANALYSIS REQUIRED TO BE INCLUDED IN GENERAL NOTICE 
              OF PROPOSED RULE MAKING.

    Section 553(b) of title 5, United States Code, is amended--
            (1) in paragraph (2), by striking ``and'' at the end;
            (2) in paragraph (3), by striking the period at the end and 
        inserting ``; and''; and
            (3) by inserting after paragraph (3) the following:
            ``(4) in the case of a major rule (as such term is defined 
        in section 804), a cost-benefit analysis of the proposed rule, 
        including any data or formula used for purposes of such 
        analysis.''.
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