[Congressional Record Volume 162, Number 17 (Thursday, January 28, 2016)]
[Senate]
[Pages S363-S364]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 3075. Mr. VITTER submitted an amendment intended to be proposed to 
amendment SA 2953 proposed by Ms. Murkowski to the bill S. 2012, to 
provide for the modernization of the energy policy of the United 
States, and for other purposes; which was ordered to lie on the table; 
as follows:

       At the appropriate place, insert the following:

     SEC. __. REVIEW OF ECONOMIC IMPACT OF BSEE RULE ON SMALL 
                   ENTITIES.

       (a) Definitions.--In this section--

[[Page S364]]

       (1) the term ``BSEE'' means the Bureau of Safety and 
     Environmental Enforcement;
       (2) the term ``Chief Counsel'' means the Chief Counsel for 
     Advocacy of the Small Business Administration;
       (3) the term ``covered proposed rule'' means the proposed 
     rule of the BSEE entitled ``Oil and Gas and Sulphur 
     Operations in the Outer Continental Shelf--Blowout Preventer 
     Systems and Well Control'' (80 Fed. Reg. 21504 (April 17, 
     2015)); and
       (4) the term ``small entity'' has the meaning given the 
     term in section 601 of title 5, United States Code.
       (b) Requirement to Conduct Review.--
       (1) In general.--If the BSEE issues a final rule for the 
     covered proposed rule, then not later than 1 year after the 
     effective date of the final rule the BSEE, in consultation 
     with the Chief Counsel, shall complete a review of the final 
     rule under section 610 of title 5, United States Code.
       (2) Assessment of economic impact.--In conducting the 
     review required under paragraph (1), the BSEE, in 
     consultation with the Chief Counsel, shall assess the 
     economic impact of the final rule on small entities in the 
     oil and gas supply chain.
       (3) Report.--Not later than 180 days after the date on 
     which the review is completed under this subsection, the 
     BSEE, in consultation with the Chief Counsel, shall submit to 
     Congress a report on the findings of the review.
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