US Congress House Bill 5513 (Prior Session Legislation)

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Sponsorship: Partisan Bill (Republican 26-1)
Status: Introduced on June 16 2016 - 25% progression, died in committee
Action: 2016-06-21 - Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.
Pending: House Subcommittee on Regulatory Reform, Commercial And Antitrust Law Committee
Text: Latest bill text (Introduced) [PDF]

PROVE IT Act of 2016 Providing Retrospective Observations Validating Economics and Increasing Transparency Act of 2016 This bill requires a federal agency that publishes a final major rule in the Federal Register to publish, biannually while the rule remains in effect, a report on the benefits and costs of such rule to regulated entities. The report shall: assess the impacts of the rule on such entities, include a determination about how the actual benefits and costs of the rule have varied from those anticipated when the rule was issued, assess the effectiveness and benefits of the rule in producing its regulatory objectives, and be reviewed by the Office of Information and Regulatory Affairs (OIRA) when required under executive order. The agency shall: (1) within 90 days after determining that the cost of a rule to regulated entities has exceeded the cost anticipated, report to Congress on the effectiveness and necessity of, and lower-cost alternatives to, the rule; and (2) reopen the public docket to receive additional comments and consider modifications or alternatives that reduce costs and increase benefits to regulated entities. The bill defines "major rule" as any rule that OIRA finds has resulted in or is likely to result in: an annual effect on the economy of $100 million or more; a major increase in costs or prices for consumers, individual industries, government agencies, or geographic regions; or significant adverse effects on competition, employment investment, productivity, innovation, or the ability of U.S.-based enterprises to compete with foreign-based enterprises.

PROVE IT Act of 2016 Providing Retrospective Observations Validating Economics and Increasing Transparency Act of 2016

Rep. Garret Graves [R-LA]	Rep. Henry Cuellar [D-TX]	Rep. Charles Boustany [R-LA]	Rep. Ralph Abraham [R-LA]
Sen. Kevin Cramer [R-ND]	Rep. Brian Babin [R-TX]	Rep. Austin Scott [R-GA]	Rep. Mike Bishop [R-MI]
Rep. Barry Loudermilk [R-GA]	Rep. Steve King [R-IA]	Rep. Todd Rokita [R-IN]	Rep. Louie Gohmert [R-TX]
Rep. Randy Hultgren [R-IL]	Rep. Ted Yoho [R-FL]	Rep. Robert Dold [R-IL]	Rep. Jason Smith [R-MO]
Rep. Duncan Hunter [R-CA]	Rep. Pete Olson [R-TX]	Rep. Roger Williams [R-TX]	Rep. Steven Palazzo [R-MS]
Rep. Dan Newhouse [R-WA]	Rep. Tom Emmer [R-MN]	Rep. Earl Carter [R-GA]	Rep. John Katko [R-NY]
Rep. Dave Brat [R-VA]	Rep. David Young [R-IA]	Rep. Darin LaHood [R-IL]

Date	Chamber	Action
2016-06-21	House	Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.
2016-06-16	House	Referred to the House Committee on the Judiciary.
2016-06-16	House	Introduced in House

SB1817 (Related) 2016-06-20 - Placed on Senate Legislative Calendar under General Orders. Calendar No. 522.

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/house-bill/5513/all-info
Text	https://www.congress.gov/114/bills/hr5513/BILLS-114hr5513ih.pdf