US Congress Senate Bill 2982 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 3-0)
Status: Introduced on May 25 2016 - 25% progression, died in committee
Action: 2016-05-25 - Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Pending: Senate Homeland Security And Governmental Affairs Committee
Text: Latest bill text (Introduced) [PDF]

Article I Regulatory Budget Act of 2016 This bill amends the Congressional Budget Act of 1974 and other laws to establish and enforce a federal regulatory budget. The President's annual budget submission must include an analysis of the cost of compliance with current and proposed federal regulations and proposals for complying with the levels and allocations established pursuant to this bill. The bill amends the Regulatory Flexibility Act to require agencies to provide additional analysis of the private sector costs for compliance with new regulations. An agency may not issue certain guidance documents setting forth policies or interpretations regarding statutory, regulatory, or technical issues unless it has provided notice and an opportunity for comment. A concurrent resolution on the budget must include levels for the federal regulatory cost for at least five years. The bill establishes a process for allocating the totals among congressional committees, agencies, programs, and major functional categories. The bill establishes procedures for enforcing the requirements, including: points of order which may be raised against legislation to enforce the allocations, subject to a waiver by Congress; private rights of action in federal court; and a requirement for appropriations legislation to include enforcement provisions. The Congressional Budget Office (CBO) must submit: (1) a baseline projecting the federal regulatory cost over at least five years, (2) analysis of the federal regulatory cost of legislation reported by congressional committees, and (3) look-back reviews comparing CBO estimates with actual costs. The Office of Management and Budget (OMB) and the CBO must submit jointly to the President and Congress an analysis of the cost and economic effects of federal regulations, including recommendations for improvements to the regulatory budgeting process. Federal agencies and the Government Accountability Office must provide reports and cost estimates for specified regulations.

Article I Regulatory Budget Act of 2016

Sen. Mike Lee [R-UT]

Sen. Marco Rubio [R-FL]

Sen. Michael Enzi [R-WY]

Date	Chamber	Action
2016-05-25	Senate	Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

HB5319 (Related) 2016-05-24 - Referred to House Small Business

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/senate-bill/2982/all-info
Text	https://www.congress.gov/114/bills/s2982/BILLS-114s2982is.pdf