Bill > S368

This bill establishes a comprehensive framework for congressional oversight of federal agency rulemaking, requiring agencies to submit detailed reports about proposed rules to Congress before they can take effect. Specifically, for "major rules" (defined as rules expected to cost $50 million or more annually), the bill mandates that Congress must pass a joint resolution approving the rule before it can be implemented. The bill introduces a complex review process where agencies must provide extensive documentation about each rule, including cost-benefit analyses, potential job impacts, and a statement of constitutional authority. For major rules, the Comptroller General must review and report on the rule within 15 days, and Congress has 30 session or legislative days to approve the rule. If Congress does not approve a major rule within that timeframe, the rule cannot take effect. The bill also establishes a similar but slightly less rigorous process for "nonmajor rules" and includes an annual review mechanism requiring agencies to have at least 20% of their existing rules reviewed and potentially reapproved by Congress. Additionally, the bill includes provisions allowing the President to temporarily implement a major rule for 15 session days in cases of national security or disaster response, and it exempts monetary policy rules proposed by the Federal Reserve from these requirements.

Military Affairs and Security

https://www.congress.gov/bill/119th-congress/senate-bill/368/all-info