summary
Introduced
In Committee
Crossed Over
Passed
Dead
Introduced Session
112th Congress
Bill Summary
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.
AI Summary
This bill, the Regulatory Time-Out Act of 2011, proposes a one-year pause on the implementation of certain new government regulations that are deemed to negatively impact businesses and the economy. A "covered regulation" is defined as a final rule that had not yet taken effect before September 1, 2011, and that would increase business costs in a way that harms job creation, retention, productivity, competitiveness, or the economy's efficient functioning. These regulations must also meet at least one of several criteria, including having an annual economic impact of $100 million or more, significantly affecting the economy, jobs, or public health, creating conflicts with other agencies' actions, altering the financial impact of government programs, or raising new legal or policy questions. However, agency heads can exempt regulations if they are essential for reasons such as imminent threats to health or safety, enforcing criminal laws, fostering job creation or economic growth, reducing overall regulatory burdens, relating to military or foreign affairs, or solely interpreting tax laws.
Committee Categories
Military Affairs and Security
Sponsors (26)
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),
Last Action
Read twice and referred to the Committee on Homeland Security and Governmental Affairs. (on 09/12/2011)
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/1538/all-info |
| BillText | http://gpo.gov/fdsys/pkg/BILLS-112s1538is/pdf/BILLS-112s1538is.pdf |
| Bill | http://gpo.gov/fdsys/pkg/BILLS-112s1538is/pdf/BILLS-112s1538is.pdf.pdf |
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