Bill > HR2953

This bill aims to increase transparency in federal rule-making by requiring the Office of Information and Regulatory Affairs (OIRA) to publish detailed monthly and annual reports about proposed and finalized government regulations. Each federal agency must submit monthly reports to OIRA that include specifics about upcoming rules, such as their objectives, legal basis, potential economic impacts, estimated costs, and potential job market effects. OIRA will then publish this information online within 30 days and produce an annual comprehensive report in the Federal Register by October 1st of each year. The bill also introduces a new requirement that most rules cannot take effect until their information has been publicly available online for at least 6 months, with exceptions for urgent matters related to health, safety, national security, criminal law enforcement, and international trade agreements. Additionally, the first publication will include cost-benefit analyses for rules issued in the previous 10 years, providing unprecedented retroactive transparency about regulatory processes. The goal is to make government rule-making more open, predictable, and accountable by giving the public, lawmakers, and businesses more advance notice and information about potential regulations.

Government Affairs

https://www.congress.gov/bill/119th-congress/house-bill/2953/all-info