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US S170

US S170
Unfunded Mandates Accountability and Transparency Act


summary

Introduced
02/02/2021
In Committee
02/02/2021
Crossed Over
Passed
Dead
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, the Unfunded Mandates Accountability and Transparency Act, amends the Unfunded Mandates Reform Act of 1995 to require regulatory impact analyses for major rules, defined as those likely to have an annual impact of $100 million or more on the economy. The bill enhances stakeholder consultation requirements, mandates that agencies choose the regulatory alternative that maximizes net benefits, and gives the Office of Information and Regulatory Affairs new authorities to oversee agency compliance. The bill also applies the Unfunded Mandates Reform Act to independent regulatory agencies, with an exemption for monetary policy rules.

Committee Categories

Military Affairs and Security

Sponsors (4)

Last Action

Read twice and referred to the Committee on Homeland Security and Governmental Affairs. (on 02/02/2021)

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