summary
Introduced
03/26/2019
03/26/2019
In Committee
03/26/2019
03/26/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
A bill to amend the Unfunded Mandates Reform Act of 1995 to provide for regulatory impact analyses for certain rules and consideration of the least burdensome regulatory alternative, and for other purposes. This bill revises rulemaking requirements with respect to unfunded mandates. Specifically, the bill (1) requires federal agencies to prepare and publish in the Federal Register an initial and final regulatory impact analysis prior to promulgating any proposed or final rule that may have an annual effect on the economy of $100 million or more (adjusted for inflation); (2) requires consideration of regulatory alternatives to the rule and requires the selection of the least costly, most cost-effective, or least burdensome alternative; (3) exempts from such requirements rules that concern monetary policy proposed or implemented by the Board of Governors of the Federal Reserve System or the Federal Open Market Committee; and (4) expands judicial review of agency rulemaking. The bill extends certain budgetary requirements to independent regulatory agencies.
AI Summary
This bill, the Unfunded Mandates Accountability Act, revises rulemaking requirements with respect to unfunded mandates. It requires federal agencies to prepare and publish regulatory impact analyses for proposed and final rules that may have an annual effect on the economy of $100 million or more. These analyses must consider regulatory alternatives, including no action by the federal government, and select the least costly, most cost-effective, or least burdensome alternative that achieves the objectives of the statute. The bill also expands judicial review of agency rulemaking to allow challenges to compliance with these new requirements. Additionally, the bill extends the application of the Unfunded Mandates Reform Act to independent regulatory agencies, but exempts rules concerning monetary policy from the Act's requirements.
Committee Categories
Military Affairs and Security
Sponsors (1)
Last Action
Read twice and referred to the Committee on Homeland Security and Governmental Affairs. (on 03/26/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/senate-bill/870/all-info |
| BillText | https://www.congress.gov/116/bills/s870/BILLS-116s870is.pdf |
| Bill | https://www.congress.gov/116/bills/s870/BILLS-116s870is.pdf.pdf |
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