summary
Introduced
In Committee
Crossed Over
Passed
Dead
Introduced Session
112th Congress
Bill Summary
Unfunded Mandates Accountability Act of 2011 - Amends the Unfunded Mandates Reform Act of 1995 to: (1) require regulatory impact analyses for rules that do not involve a legislative mandate and for final rules that do not have a prior notice of proposed rulemaking; (2) require federal agencies to prepare and publish in the Federal Register an initial and final regulatory impact analysis prior to promulgating any proposed or final rule that may have an annual effect on the economy of $100 million or more or that may result in the expenditure of $100 million or more in any one year by state, local, and tribal governments; (3) require such agencies to identify and consider regulatory alternatives before promulgating any proposed or final rule and select the least costly, most cost-effective, or least burdensome alternative; (4) define "cost" as the cost of compliance and any reasonably foreseeable indirect cost resulting from agency rulemaking; (5) exempt rules concerning monetary policy proposed or implemented by the Board of Governors of the Federal Reserve System or the Federal Open Market Committee from provisions of such Act relating to regulatory accountability and reform, review of federal mandates, and judicial review; and (6) expand provisions relating to judicial review of regulatory impact analyses. Amends the Congressional Budget and Impoundment Control Act of 1974 to require independent regulatory agencies to conduct regulatory impact analyses.
AI Summary
This bill, the Unfunded Mandates Accountability Act of 2011, amends the Unfunded Mandates Reform Act of 1995 to require federal agencies to conduct and publish detailed "regulatory impact analyses" for proposed or final rules that are expected to have a significant economic effect, defined as an annual impact of $100 million or more on the economy or $100 million or more in expenditures by state, local, and tribal governments. These analyses must quantify anticipated benefits and costs, consider various regulatory alternatives, and identify the least costly, most cost-effective, or least burdensome option that achieves the rule's objectives, with "cost" encompassing compliance and foreseeable indirect costs. The bill also extends these analysis requirements to independent regulatory agencies and expands judicial review of these analyses, allowing affected parties to challenge an agency's compliance with these requirements, while exempting rules concerning monetary policy from the Federal Reserve System and the Federal Open Market Committee from these new provisions.
Committee Categories
Military Affairs and Security
Sponsors (23)
Lamar Alexander (R),
Kelly Ayotte (R),
John Barrasso (R),
Roy Blunt (R),
John Boozman (R),
Saxby Chambliss (R),
Daniel Coats (R),
John Cornyn (R),
Mike Crapo (R),
Michael Enzi (R),
Chuck Grassley (R),
Orrin Hatch (R),
Mike Johanns (R),
Ron Johnson (R),
Jon Kyl (R),
Mike Lee (R),
Mitch McConnell (R),
Jerry Moran (R),
Rob Portman (R),
Jim Risch (R),
Pat Roberts (R),
Jeff Sessions (R),
Pat Toomey (R),
Last Action
Committee on Homeland Security and Governmental Affairs. Hearings held. Hearings printed: S.Hrg. 112-220. (on 07/20/2011)
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/112th-congress/senate-bill/1189/all-info |
| BillText | http://gpo.gov/fdsys/pkg/BILLS-112s1189is/pdf/BILLS-112s1189is.pdf |
| Bill | http://gpo.gov/fdsys/pkg/BILLS-112s1189is/pdf/BILLS-112s1189is.pdf.pdf |
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