Transparency Referred to the Subcommittee on Act of 2014 Regulatory Reform, Commercial and Antitrust Law on December 18, 2014 S. 2931 Sen. Rob Introduced Unfunded Portman November 17, 2014 Amends the Unfunded Mandates Reform Act of 1995 to provide for Mandates (R-OH) regulatory impact analyses for certain rules and consideration of the Accountability least burdensome regulatory alternative. Most Recent Action Act of 2014 Referred to the Committee on Homeland Requires any rule that will have a $100M annual impact on the Security and Governmental Affairs on economy to be accompanied by a regulatory impact analysis report. November 17, 2014 The report must contain: H.R. 4655 Rep. Kevin Introduced benefits and costs of the proposed rule benefits and costs of alternatives to the rule Unfunded Yoder May 9, 2014 areas of country where the rule will have a disproportionate Mandates (R-KS-3) impact Accountability Most Recent Action Act of 2013 Referred to the Subcommittee on a statement of whether there was any communication between state representatives and agency rule makers. ((sic)) Regulatory Reform, Commercial and Antitrust Law on July 21, 2014 H.R. 899 Rep. Virginia Introduced Extends reporting requirements the Congressional Budget Act of Unfunded Foxx February 28, 2013 1974 to independent regulatory agencies, except for the Federal Reserve Mandates (R-NC-5) and the Federal Open Market Committee. Information and Most Recent Action Amends the Unfunded Mandates Reform Act of 1995 to require Transparency Passed the House on February 28, 2014; agencies (not including independent regulatory agencies) to: Act of 2014 Received in the Senate on March 4, 2014 Identify the problem to be addressed and its significance Determine whether the problem was created or contributed to by Committee Reports existing regulation, and whether such regulation should be modified instead of creating a new one Assess whether incentives could be used to encourage desired behaviors, rather than imposing direct regulation Design regulations in the most cost-effective manner to achieve the objective Propose or adopt regulation only upon a reasoned determination that the benefits justify the cost Base decisions on the best scientific, technical, and economic information reasonable available Identify and assess alternative options Avoid inconsistent and duplicative regulations, both internally and for those of other agencies Minimize cumulative of regulation Minimize uncertainty by drafting regulations to be easy to understand.
Transparency Act of 2014 Referred to the Subcommittee on Regulatory Reform, Commercial and Antitrust Law on December 18, 2014 S. 2931 Unfunded Mandates Accountability Act of 2014 Sen. Rob Portman (R-OH) Introduced November 17, 2014 Most Recent Action Referred to the Committee on Homeland Security and Governmental Affairs on November 17, 2014 Amends the Unfunded Mandates Reform Act of 1995 to provide for regulatory impact analyses for certain rules and consideration of the least burdensome regulatory alternative. Requires any rule that will have a $100M annual impact on the economy to be accompanied by a regulatory impact analysis report. The report must contain: benefits and costs of the proposed rule benefits and costs of alternatives to the rule areas of country where the rule will have a disproportionate impact a statement of whether there was any communication between state representatives and agency rule makers. H.R. 4655 Unfunded Mandates Accountability Act of 2013 ((sic)) Rep. Kevin Yoder (R-KS-3) Introduced May 9, 2014 Most Recent Action Referred to the Subcommittee on Regulatory Reform, Commercial and Antitrust Law on July 21, 2014 H.R. 899 Unfunded Mandates Information and Transparency Act of 2014 Rep. Virginia Foxx (R-NC-5) Introduced February 28, 2013 Most Recent Action Passed the House on February 28, 2014; Received in the Senate on March 4, 2014 Committee Reports Extends reporting requirements the Congressional Budget Act of 1974 to independent regulatory agencies, except for the Federal Reserve and the Federal Open Market Committee. Amends the Unfunded Mandates Reform Act of 1995 to require agencies (not including independent regulatory agencies) to: Identify the problem to be addressed and its significance Determine whether the problem was created or contributed to by existing regulation, and whether such regulation should be modified instead of creating a new one Assess whether incentives could be used to encourage desired behaviors, rather than imposing direct regulation Design regulations in the most cost-effective manner to achieve the objective Propose or adopt regulation only upon a reasoned determination that the benefits justify the cost Base decisions on the best scientific, technical, and economic information reasonable available Identify and assess alternative options Avoid inconsistent and duplicative regulations, both internally and for those of other agencies Minimize cumulative of regulation Minimize uncertainty by drafting regulations to be easy to understand.
Regulatory%20Reform%20Legislation%20Memo%201-24-2018.docx