Bill > S1538

Introduced Session

Regulatory Time-Out Act of 2011 - Suspends the effective date of certain covered regulations for one-year beginning on the enactment of this Act. 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. 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.

Committee Categories

Lamar Alexander (R),  John Barrasso (R),  Roy Blunt (R),  John Boozman (R),  Saxby Chambliss (R),  Daniel Coats (R),  Tom Coburn (R),  Susan Collins (R),  John Cornyn (R),  Mike Crapo (R),  Michael Enzi (R),  John Hoeven (R),  Kay Hutchison (R),  James Inhofe (R),  Johnny Isakson (R),  Mike Johanns (R),  Mark Kirk (R),  Jon Kyl (R),  Mitch McConnell (R),  Jerry Moran (R),  Lisa Murkowski (R),  Rob Portman (R),  Pat Roberts (R),  Jeff Sessions (R),  John Thune (R),  Roger Wicker (R), 

Read twice and referred to the Committee on Homeland Security and Governmental Affairs. (on 09/12/2011)

Official Document