Bill > HR3058

This bill, called the "Reclaim the Reins Act," aims to enhance congressional oversight of federal agency rulemaking by introducing several new requirements and review processes. The legislation would require federal agencies to provide more comprehensive reporting when issuing new rules, including estimates of budgetary effects, cost analyses, job impact assessments, and a statement of constitutional authority. The bill establishes that major rules which increase revenue cannot take effect without explicit congressional approval through a joint resolution. Additionally, it mandates an annual review process where agencies must designate at least 20% of their existing rules for review, with those rules potentially expiring if not approved by Congress within 90 days. The bill also appropriates $10 million each to the Office of Management and Budget and the Comptroller General to implement these new review procedures. A key provision requires the Comptroller General to conduct a study determining the number of existing rules, major rules, and their total estimated economic cost, with a report to be submitted to Congress within one year of the act's enactment. The overall purpose is to increase transparency, provide more congressional control over agency regulations, and create a mechanism for ongoing evaluation of existing federal rules.

Justice

https://www.congress.gov/bill/119th-congress/house-bill/3058/all-info