[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[S. 2294 Introduced in Senate (IS)]

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114th CONGRESS
  1st Session
                                S. 2294

To create a division within the Congressional Budget Office to perform 
         regulatory analysis of economically significant rules.


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                   IN THE SENATE OF THE UNITED STATES

                           November 17, 2015

 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 to perform 
         regulatory analysis of economically significant rules.

    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 ``SCORE Act of 2015''.

SEC. 2. REGULATORY ANALYSIS BY CBO.

    (a) In General.--Title II of the Congressional Budget Act of 1974 
(2 U.S.C. 601 et seq.) is amended by adding at the end the following:

                     ``regulatory analysis division

    ``Sec. 204.  (a) Definition.--In this section, the term 
`economically significant rule' means a rule, as defined in section 551 
of title 5, United States Code, that--
            ``(1) has an annual effect on the economy of $100,000,000 
        or more; or
            ``(2) adversely affects 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.
    ``(b) Establishment.--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 economically significant rules.
    ``(c) Analysis.--The responsibilities of the division shall include 
an analysis, during the public comment period following the proposal of 
an economically significant rule, of the prospective economic impact of 
the economically significant rule.
    ``(d) Authorization of Appropriations.--There are authorized to be 
appropriated such sums as are necessary for the division to carry out 
the duties of the division.''.
    (b) Technical Amendment.--The table of contents set forth in 
section 1(b) of the Congressional Budget and Impoundment Control Act of 
1974 is amended by adding after the item relating to section 203 the 
following:

``Sec. 204. Regulatory analysis division.''.
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