If passed, HB3058 would significantly alter the way federal agencies are required to interact with Congress regarding rulemaking. The bill stipulates that any major rule which increases revenue cannot take effect without an explicit congressional approval, thus shifting some regulatory authority back to Congress. This could greatly impact existing regulatory frameworks and may delay the implementation of new rules designed to manage various sectors of the economy.
Summary
House Bill 3058, titled the 'Reclaim the Reins Act', seeks to amend chapter 8 of title 5 of the United States Code, enhancing congressional review and oversight of federal agency rulemaking. The bill establishes additional requirements for agencies to provide comprehensive reports on the budgetary and economic impacts of proposed rules, including job analyses and the estimated effects of such regulations on inflation. By expanding these reporting requirements, the bill aims to increase transparency and accountability in the regulatory process.
Contention
Notable points of contention surrounding HB3058 focus on the balance between necessary regulation and bureaucratic oversight. Proponents argue that the bill will ensure better oversight of agency actions and curb any potential overreach by federal entities. However, critics express concerns that such heightened scrutiny could hinder the timely enactment of essential regulations, potentially undermining the efficiency of government operations and the ability to respond to urgent regulatory needs.
Working to Advance Tangible and Effective Reforms for California Act or the WATER for California Act This bill addresses the operation of the Central Valley Project (CVP), a federal water project in California owned and operated by the Bureau of Reclamation, and the California State Water Project (SWP), which is operated jointly with the CVP. Specifically, the bill requires that Reclamation operate the CVP and SWP pursuant to a specified alternative to a proposed action in a final environmental impact statement and 2019 agency published Biological Opinions (BiOps). The bill also requires Reclamation and the Department of Commerce to submit a justification to Congress that meets certain requirements prior to requesting or completing a reinitiation of consultation that will result in new BiOps. This bill also requires Reclamation to allocate water to existing agricultural water service contractors within the CVP's Sacramento River Watershed based on the water year type (e.g., dry, wet). These allocations must not affect the United States' ability or obligations to deliver water under other designated contracts. Further, the bill repeals certain eligibility requirements for water infrastructure construction funding under the Infrastructure Investment and Jobs Act to make the Shasta Dam and Reservoir Enlargement Project in California eligible for funding. The bill also requires that Reclamation funds made available but not used for this project in previous appropriations years be made available to the project. Finally, the bill reauthorizes Reclamation's support for the construction or expansion of water storage projects.
To amend the Federal Deposit Insurance Act and the Federal Credit Union Act to authorize a temporary transaction account guarantee program, expand deposit and share insurance to cover business payment accounts, and for other purposes.
To support the national defense and economic security of the United States by supporting vessels, ports, and shipyards of the United States and the U.S. maritime workforce.
Making emergency supplemental appropriations in line with the President's request in response to the ongoing attack on Ukraine's sovereignty by Russia and in response to the attacks in Israel for the fiscal year ending September 30, 2024, and for other purposes.
Budget Process Enhancement Act This bill modifies the federal budget process to withhold the salaries of Members of Congress and cancel the salaries of certain employees of the Office of Management and Budget when certain budget process requirements are not met. The bill also changes the assumptions that the Congressional Budget Office uses to calculate its baseline for discretionary spending to eliminate certain adjustments for inflation and other factors. (A baseline is a projection of federal spending and receipts during a fiscal year under current law.)