US SB1420 | 2019-2020 | 116th Congress

Status

Spectrum: Bipartisan Bill
Status: Introduced on May 13 2019 - 25% progression
Action: 2019-07-15 - Placed on Senate Legislative Calendar under General Orders. Calendar No. 147.
Text: Latest bill text (Introduced) [PDF]

Summary

SMART Act of 2019 Setting Manageable Analysis Requirements in Text Act of 2019 This bill requires agencies, when publishing a proposed or final major rule, to include a framework for assessing whether the rule achieves its regulatory objective. An agency must assess a rule in the time frame included in the framework. The assessment must compare the rule's anticipated and actual benefits and costs. The bill defines a major rule as a rule likely to cause (1) an annual effect on the economy of $100 million or more; (2) a major increase in costs or prices; or (3) significant adverse effects on competition, employment, investment, productivity, innovation, health, safety, the environment, or the ability of U.S.-based enterprises to compete with foreign-based enterprises.

Tracking Information

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Title

SMART Act of 2019 Setting Manageable Analysis Requirements in Text Act of 2019

Sponsors


History

DateChamberAction
2019-07-15SenatePlaced on Senate Legislative Calendar under General Orders. Calendar No. 147.
2019-07-15SenateCommittee on Homeland Security and Governmental Affairs. Reported by Senator Johnson without amendment. With written report No. 116-55.
2019-05-22SenateCommittee on Homeland Security and Governmental Affairs Subcommittee on Regulatory Affairs and Federal Management. Hearings held.
2019-05-22SenateCommittee on Small Business and Entrepreneurship. Hearings held.
2019-05-15SenateCommittee on Homeland Security and Governmental Affairs. Ordered to be reported without amendment favorably.
2019-05-13SenateRead twice and referred to the Committee on Homeland Security and Governmental Affairs.

Subjects


US Congress State Sources


Bill Comments

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