summary
Introduced
02/02/2021
02/02/2021
In Committee
03/22/2021
03/22/2021
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To amend the Unfunded Mandates Reform Act of to provide for regulatory impact analyses for certain rules, and for other purposes.
AI Summary
This bill amends the Unfunded Mandates Reform Act of 1995 to provide for regulatory impact analyses for certain major rules, defined as those likely to have an annual economic effect of $100 million or more. The bill requires agencies to prepare and publish initial and final regulatory impact analyses, including analyses of anticipated benefits, costs, and regulatory alternatives. It also enhances stakeholder consultation requirements, requires agencies to maximize net benefits when adopting major rules, and grants new authorities and responsibilities to the Office of Information and Regulatory Affairs. Additionally, the bill applies the Unfunded Mandates Reform Act to independent regulatory agencies, with an exemption for monetary policy rules.
Committee Categories
Government Affairs
Sponsors (2)
Last Action
Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law. (on 03/22/2021)
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/117th-congress/house-bill/701/all-info |
| BillText | https://www.congress.gov/117/bills/hr701/BILLS-117hr701ih.pdf |
| Bill | https://www.congress.gov/117/bills/hr701/BILLS-117hr701ih.pdf.pdf |
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