summary
Introduced
In Committee
Crossed Over
Passed
Dead
Introduced Session
112th Congress
Bill Summary
Regulatory Time-Out Act of 2011 - Prohibits covered regulations from being in effect or from taking effect during the period beginning on the enactment of this Act and ending on January 21, 2013 (time-out period). Prohibits publication of any general notice of a proposed rulemaking for what would be a covered regulation, and nullifies a rulemaking that was published but for which the comment period did not expire before enactment of this Act, during such period. Defines a "covered regulation" as a final regulation that did not take effect before September 1, 2011, that increases costs on businesses in a manner that will have an adverse effect on job creation, job retention, productivity, competitiveness, or the efficient functioning of the economy and that is likely to: (1) have an annual effect on the economy of $100 million or more; (2) adversely affect in a material way the economy, productivity, competition, jobs, the environment, public health or safety, or state, local, or tribal governments or communities; (3) create a serious inconsistency or otherwise interfere with an action by another agency; (4) materially alter the budgetary impact of entitlements, grants, user fees, or loan programs or the rights and obligations of recipients; or (5) raise novel legal or policy issues. Exempts regulations that are required by law. Allows agency heads to exempt covered regulations that: (1) are necessary due to an imminent threat to human health or safety or any other emergency; (2) are necessary to enforce criminal laws, (3) foster private sector job creation; (4) encourage economic growth; (5) reduce regulatory burdens; (6) pertain to a military or foreign affairs function; or (7) are limited to interpreting, implementing, or administering the Internal Revenue Code.
AI Summary
This bill, the Regulatory Time-Out Act of 2011, imposes a temporary halt, or "time-out," on certain regulations from its enactment until January 21, 2013. A "covered regulation" is defined as a final rule that was not yet in effect before September 1, 2011, and which is projected to increase business costs in a way that negatively impacts job creation, retention, productivity, competitiveness, or the overall economy, and meets at least one of several criteria, including having an annual economic effect of $100 million or more, significantly harming the economy or public welfare, creating conflicts with other agencies, altering budgetary impacts, or raising new legal or policy questions. The bill also prohibits the publication of new proposed rules that would become covered regulations and nullifies any proposed rules for which the public comment period had not ended before the bill's enactment. Importantly, regulations required by law are exempt, and agency heads can exempt covered regulations if they are necessary for emergencies, to enforce criminal laws, to foster job creation or economic growth, to reduce regulatory burdens, for military or foreign affairs, or to administer the Internal Revenue Code, provided they submit a finding to Congress and publish it.
Committee Categories
Government Affairs
Sponsors (6)
Last Action
Referred to the Subcommittee on Courts, Commercial and Administrative Law. (on 11/02/2011)
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/house-bill/3257/all-info |
| BillText | http://gpo.gov/fdsys/pkg/BILLS-112hr3257ih/pdf/BILLS-112hr3257ih.pdf |
| Bill | http://gpo.gov/fdsys/pkg/BILLS-112hr3257ih/pdf/BILLS-112hr3257ih.pdf.pdf |
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