Us Congress 2025-2026 Regular Session

Us Congress House Bill HB572 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	I
2	2	119THCONGRESS
3	3	1
4	4	STSESSION H. R. 572
5	5	To prohibit the use of non-monetized or unqualified factors for regulatory
6	6	analyses, and for other purposes.
7	7	IN THE HOUSE OF REPRESENTATIVES
8	8	JANUARY21, 2025
9	9	Mr. S
10	10	ESSIONS(for himself and Ms. HAGEMAN) introduced the following bill;
11	11	which was referred to the Committee on the Judiciary, and in addition
12	12	to the Committee on Small Business, for a period to be subsequently de-
13	13	termined by the Speaker, in each case for consideration of such provisions
14	14	as fall within the jurisdiction of the committee concerned
15	15	A BILL
16	16	To prohibit the use of non-monetized or unqualified factors
17	17	for regulatory analyses, and for other purposes.
18	18	Be it enacted by the Senate and House of Representa-1
19	19	tives of the United States of America in Congress assembled, 2
20	20	SECTION 1. SHORT TITLE. 3
21	21	This Act may be cited as the ‘‘Regulations Evaluated 4
22	22	to Determine The Anticipated Price and Effect Act’’ or 5
23	23	the ‘‘RED TAPE Act’’. 6
24	24	SEC. 2. FINDINGS. 7
25	25	Congress finds that agencies must prioritize tangible, 8
26	26	immediately quantifiable monetary benefits in their deci-9
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29	29	•HR 572 IH
30	30	sion making processes, ensuring regulatory actions yield 1
31	31	clear and measurable financial benefits to the public and 2
32	32	private sectors while minimizing unnecessary regulatory 3
33	33	costs or burdens. 4
34	34	SEC. 3. PROHIBITION ON NET BENEFIT DISCOUNTS; CON-5
35	35	SIDERATION OF REGULATORY IMPACT ANAL-6
36	36	YSES. 7
37	37	(a) I
38	38	NGENERAL.—Chapter 6 of title 5, United 8
39	39	States Code, is amended— 9
40	40	(1) in section 601— 10
41	41	(A) in paragraph (6), by striking ‘‘and’’ at 11
42	42	the end; 12
43	43	(B) in paragraph (7), by striking the pe-13
44	44	riod at the end and inserting a semicolon; 14
45	45	(C) in paragraph (8)— 15
46	46	(i) by striking ‘‘R
47	47	ECORDKEEPING RE-16
48	48	QUIREMENT.—T’’ and inserting ‘‘the’’; and 17
49	49	(ii) by striking the period at the end 18
50	50	and inserting a semicolon; and 19
51	51	(D) by adding at the end the following: 20
52	52	‘‘(9) the term ‘benefit-cost analysis’ has the 21
53	53	meaning given the term in Office of Management 22
54	54	and Budget Circular A–94, as revised on November 23
55	55	9, 2023, or any successor revision; and 24
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59	59	‘‘(10) the term ‘regulatory impact analysis’ 1
60	60	means a regulatory analysis described in— 2
61	61	‘‘(A) Executive Order 12866 (5 U.S.C. 3
62	62	601 note; relating to regulatory planning and 4
63	63	review); 5
64	64	‘‘(B) Executive Order 13563 (5 U.S.C. 6
65	65	601 note; relating to improving regulation and 7
66	66	regulatory review); 8
67	67	‘‘(C) Executive Order 14094 (88 Fed. Reg. 9
68	68	21879; relating to modernizing regulatory re-10
69	69	view); 11
70	70	‘‘(D) Office of Management and Budget 12
71	71	Circular No. A–4, as revised on November 9, 13
72	72	2023, or any successor revision; or 14
73	73	‘‘(E) Office of Management and Budget 15
74	74	Circular No. A–94, as revised on November 9, 16
75	75	2023, or any successor revision.’’; and 17
76	76	(2) by adding at the end the following: 18
77	77	‘‘§ 613. Prohibition on use of non-monetized or un-19
78	78	qualified factors for regulatory analyses 20
79	79	‘‘(a) A
80	80	GENCYPROHIBITION.—An agency may not 21
81	81	consider any non-monetized or unquantified factor when 22
82	82	conducting a regulatory impact analysis or benefit-cost 23
83	83	analysis on any proposed rule, final rule, or interim final 24
84	84	rule. 25
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88	88	‘‘(b) OMB PROHIBITION.—The Office of Manage-1
89	89	ment and Budget may not— 2
90	90	‘‘(1) authorize in any manner, such as in 3
91	91	issuing guidance, a memorandum, a directive, or a 4
92	92	rule that permit or endorse the analysis or use of 5
93	93	any non-monetized or unquantified factor when con-6
94	94	ducting a regulatory impact analysis or benefit-cost 7
95	95	analysis on any proposed rule, final rule, or interim 8
96	96	final rule; or 9
97	97	‘‘(2) consider any non-monetized or 10
98	98	unquantified factor presented in a regulatory impact 11
99	99	analysis or benefit-cost analysis of another agency. 12
100	100	‘‘(c) P
101	101	UBLICTRANSPARENCY.—Each agency shall 13
102	102	publish in the Federal Register, with respect to and along 14
103	103	with each proposed rule, final rule, or interim final rule— 15
104	104	‘‘(1) a summary of each regulatory impact anal-16
105	105	ysis and benefit-cost analysis conducted by the agen-17
106	106	cy; 18
107	107	‘‘(2) the text of each regulatory impact analysis 19
108	108	and benefit-cost analysis conducted by the agency, 20
109	109	including a disclosure of the methodology and spe-21
110	110	cific analyses used by the agency in estimating eco-22
111	111	nomic impacts, and the determination and rationale 23
112	112	of such economic impact analyses; and 24
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116	116	‘‘(3) any additional information of the agency 1
117	117	relevant to the regulatory impact and benefit-cost 2
118	118	analyses conducted by the agency, such as the deci-3
119	119	sion-making processes of the agency. 4
120	120	‘‘(d) R
121	121	EGULATORYGUIDANCE.—Not later than 90 5
122	122	days after the date of enactment of this section, the Direc-6
123	123	tor of the Office of Management and Budget shall issue 7
124	124	revised guidance to agencies to ensure compliance with the 8
125	125	provisions of this section. 9
126	126	‘‘(e) J
127	127	UDICIALREVIEW.— 10
128	128	‘‘(1) I
129	129	N GENERAL.—Any party affected by a 11
130	130	rule issued by an agency that considered a non-mon-12
131	131	etized or unquantified factor when conducting a reg-13
132	132	ulatory impact or benefit-cost analysis in violation of 14
133	133	this section may bring a civil action against the 15
134	134	agency to challenge the rule in a district court of the 16
135	135	United States. 17
136	136	‘‘(2) I
137	137	NVALIDATION OF REGULATION .—If the 18
138	138	court finds that an agency relied upon non-mone-19
139	139	tized or unquantified factors to evaluate a final rule 20
140	140	or interim final rule in contravention of this section, 21
141	141	the court shall declare the rule invalid. 22
142	142	‘‘(3) A
143	143	PPLICATION.—This subsection shall 23
144	144	apply with respect to any rule issued by an agency 24
145	145	on or after November 9, 2023.’’. 25
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149	149	(b) TECHNICAL AND CONFORMINGAMENDMENT.— 1
150	150	The table of sections for chapter 6 of title 5, United States 2
151	151	Code, is amended by adding at the end the following: 3
152	152	‘‘613. Prohibition on use of non-monetized or unquantified factors for regulatory
153	153	analyses.’’.
154	154	SEC. 4. EFFECTIVE DATE.
155	155	4
156	156	The amendments made by section 3 shall take effect 5
157	157	on the date that is 30 days after the date of enactment 6
158	158	of this Act. 7
159	159	Æ
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