| 1 | 1 | | I |
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| 2 | 2 | | 119THCONGRESS |
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| 3 | 3 | | 1 |
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| 4 | 4 | | STSESSION H. R. 580 |
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| 5 | 5 | | To amend the Unfunded Mandates Reform Act of 1995 to provide for |
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| 6 | 6 | | regulatory impact analyses for certain rules, and for other purposes. |
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| 7 | 7 | | IN THE HOUSE OF REPRESENTATIVES |
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| 8 | 8 | | JANUARY21, 2025 |
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| 9 | 9 | | Ms. F |
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| 10 | 10 | | OXX(for herself, Mr. CUELLAR, Mr. GOLDENof Maine, Mrs. HINSON, |
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| 11 | 11 | | and Mr. S |
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| 12 | 12 | | ESSIONS) introduced the following bill; which was referred to |
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| 13 | 13 | | the Committee on Oversight and Government Reform, and in addition to |
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| 14 | 14 | | the Committees on Rules, the Budget, and the Judiciary, for a period to |
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| 15 | 15 | | be subsequently determined by the Speaker, in each case for consider- |
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| 16 | 16 | | ation of such provisions as fall within the jurisdiction of the committee |
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| 17 | 17 | | concerned |
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| 18 | 18 | | A BILL |
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| 19 | 19 | | To amend the Unfunded Mandates Reform Act of 1995 |
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| 20 | 20 | | to provide for regulatory impact analyses for certain |
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| 21 | 21 | | rules, and for other purposes. |
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| 22 | 22 | | Be it enacted by the Senate and House of Representa-1 |
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| 23 | 23 | | tives of the United States of America in Congress assembled, 2 |
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| 24 | 24 | | SECTION 1. SHORT TITLE. 3 |
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| 25 | 25 | | This Act may be cited as the ‘‘Unfunded Mandates 4 |
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| 26 | 26 | | Accountability and Transparency Act of 2025’’. 5 |
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| 29 | 29 | | •HR 580 IH |
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| 30 | 30 | | SEC. 2. REGULATORY IMPACT ANALYSES FOR CERTAIN 1 |
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| 31 | 31 | | RULES. 2 |
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| 32 | 32 | | The Unfunded Mandates Reform Act of 1995 (2 3 |
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| 33 | 33 | | U.S.C. 1501 et seq.) is amended— 4 |
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| 34 | 34 | | (1) by striking ‘‘tribal’’ each place that term 5 |
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| 35 | 35 | | appears and inserting ‘‘Tribal’’; 6 |
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| 36 | 36 | | (2) in section 3 (2 U.S.C. 1502)— 7 |
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| 37 | 37 | | (A) in paragraph (1), by striking ‘‘and’’ at 8 |
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| 38 | 38 | | the end; 9 |
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| 39 | 39 | | (B) in paragraph (2), by striking the pe-10 |
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| 40 | 40 | | riod at the end and inserting ‘‘and’’; and 11 |
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| 41 | 41 | | (C) by adding at the end the following: 12 |
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| 42 | 42 | | ‘‘(3) the term ‘major rule’ means a rule, as de-13 |
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| 43 | 43 | | fined in section 551 of title 5, United States Code, 14 |
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| 44 | 44 | | that the Administrator of the Office of Information 15 |
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| 45 | 45 | | and Regulatory Affairs determines is likely to 16 |
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| 46 | 46 | | cause— 17 |
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| 47 | 47 | | ‘‘(A) an annual effect on the economy of 18 |
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| 48 | 48 | | $100,000,000 or more, adjusted once every 5 19 |
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| 49 | 49 | | years to reflect increases in the Consumer Price 20 |
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| 50 | 50 | | Index for All Urban Consumers, as published 21 |
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| 51 | 51 | | by the Bureau of Labor Statistics of the De-22 |
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| 52 | 52 | | partment of Labor; 23 |
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| 53 | 53 | | ‘‘(B) a major increase in costs or prices for 24 |
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| 54 | 54 | | consumers, individual industries, Federal, 25 |
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| 56 | 56 | | ssavage on LAPJG3WLY3PROD with BILLS 3 |
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| 57 | 57 | | •HR 580 IH |
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| 58 | 58 | | State, local, or Tribal government agencies, or 1 |
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| 59 | 59 | | geographic regions; or 2 |
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| 60 | 60 | | ‘‘(C) significant adverse effects on competi-3 |
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| 61 | 61 | | tion, employment, investment, productivity, in-4 |
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| 62 | 62 | | novation, public health and safety, or the ability 5 |
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| 63 | 63 | | of United States-based enterprises to compete 6 |
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| 64 | 64 | | with foreign-based enterprises in domestic and 7 |
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| 65 | 65 | | export markets.’’; and 8 |
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| 66 | 66 | | (3) in section 202 (2 U.S.C. 1532)— 9 |
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| 67 | 67 | | (A) by striking the section heading and in-10 |
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| 68 | 68 | | serting the following: 11 |
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| 69 | 69 | | ‘‘SEC. 202. REGULATORY IMPACT ANALYSES FOR CERTAIN 12 |
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| 70 | 70 | | RULES.’’; 13 |
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| 71 | 71 | | (B) by redesignating subsections (b) and 14 |
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| 72 | 72 | | (c) as subsections (d) and (e), respectively; 15 |
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| 73 | 73 | | (C) by striking subsection (a) and insert-16 |
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| 74 | 74 | | ing the following: 17 |
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| 75 | 75 | | ‘‘(a) D |
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| 76 | 76 | | EFINITION OFCOST.—In this section, the term 18 |
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| 77 | 77 | | ‘cost’ means the cost of compliance and any reasonably 19 |
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| 78 | 78 | | foreseeable indirect costs, including revenues lost, as a re-20 |
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| 79 | 79 | | sult of a major rule of an agency that is subject to this 21 |
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| 80 | 80 | | section. 22 |
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| 81 | 81 | | ‘‘(b) R |
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| 82 | 82 | | EGULATORYIMPACTANALYSES.— 23 |
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| 83 | 83 | | ‘‘(1) R |
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| 84 | 84 | | EQUIREMENT.—Before promulgating any 24 |
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| 85 | 85 | | proposed or final major rule, the agency promul-25 |
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| 88 | 88 | | •HR 580 IH |
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| 89 | 89 | | gating the major rule shall prepare and publish in 1 |
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| 90 | 90 | | the Federal Register an initial and final regulatory 2 |
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| 91 | 91 | | impact analysis with respect to the major rule. 3 |
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| 92 | 92 | | ‘‘(2) I |
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| 93 | 93 | | NITIAL REGULATORY IMPACT ANALYSIS .— 4 |
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| 94 | 94 | | An initial regulatory impact analysis required under 5 |
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| 95 | 95 | | paragraph (1) shall— 6 |
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| 96 | 96 | | ‘‘(A) accompany the notice of proposed 7 |
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| 97 | 97 | | rulemaking with respect to the major rule that 8 |
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| 98 | 98 | | is the subject of the analysis; and 9 |
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| 99 | 99 | | ‘‘(B) be open to public comment. 10 |
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| 100 | 100 | | ‘‘(3) F |
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| 101 | 101 | | INAL REGULATORY IMPACT ANALYSIS .— 11 |
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| 102 | 102 | | A final regulatory impact analysis required under 12 |
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| 103 | 103 | | paragraph (1) shall accompany the final major rule 13 |
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| 104 | 104 | | that is the subject of the analysis. 14 |
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| 105 | 105 | | ‘‘(c) C |
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| 106 | 106 | | ONTENT.—Each initial and final regulatory im-15 |
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| 107 | 107 | | pact analysis prepared and published under subsection (b) 16 |
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| 108 | 108 | | shall include, with respect to the major rule that is the 17 |
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| 109 | 109 | | subject of the analysis— 18 |
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| 110 | 110 | | ‘‘(1)(A) an analysis of the anticipated benefits 19 |
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| 111 | 111 | | and costs of the major rule, which shall be quan-20 |
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| 112 | 112 | | tified to the extent feasible; 21 |
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| 113 | 113 | | ‘‘(B) an analysis of the benefits and costs of a 22 |
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| 114 | 114 | | reasonable number of regulatory alternatives within 23 |
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| 115 | 115 | | the range of the discretion of the agency under the 24 |
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| 117 | 117 | | ssavage on LAPJG3WLY3PROD with BILLS 5 |
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| 118 | 118 | | •HR 580 IH |
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| 119 | 119 | | statute authorizing the major rule, including alter-1 |
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| 120 | 120 | | natives that— 2 |
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| 121 | 121 | | ‘‘(i) require no action by the Federal Gov-3 |
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| 122 | 122 | | ernment; and 4 |
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| 123 | 123 | | ‘‘(ii)(I) use incentives and market-based 5 |
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| 124 | 124 | | means to encourage the desired behavior; 6 |
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| 125 | 125 | | ‘‘(II) provide information based upon 7 |
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| 126 | 126 | | which the public can make choices; or 8 |
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| 127 | 127 | | ‘‘(III) employ other flexible regulatory op-9 |
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| 128 | 128 | | tions that permit the greatest flexibility in 10 |
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| 129 | 129 | | achieving the objectives of the statute author-11 |
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| 130 | 130 | | izing the major rule; and 12 |
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| 131 | 131 | | ‘‘(C) an explanation of how the major rule com-13 |
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| 132 | 132 | | plies with the requirements of section 205; 14 |
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| 133 | 133 | | ‘‘(2) an assessment of the extent to which— 15 |
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| 134 | 134 | | ‘‘(A) the costs to State, local, and Tribal 16 |
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| 135 | 135 | | governments may be paid with Federal financial 17 |
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| 136 | 136 | | assistance (or otherwise paid for by the Federal 18 |
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| 137 | 137 | | Government); and 19 |
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| 138 | 138 | | ‘‘(B) Federal resources are available to 20 |
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| 139 | 139 | | carry out the major rule; 21 |
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| 140 | 140 | | ‘‘(3) estimates of— 22 |
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| 141 | 141 | | ‘‘(A) any disproportionate budgetary ef-23 |
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| 142 | 142 | | fects of the major rule upon any particular— 24 |
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| 143 | 143 | | ‘‘(i) regions of the United States; 25 |
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| 147 | 147 | | ‘‘(ii) State, local, or Tribal govern-1 |
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| 148 | 148 | | ments; 2 |
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| 149 | 149 | | ‘‘(iii) types of communities, including 3 |
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| 150 | 150 | | urban or rural communities; or 4 |
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| 151 | 151 | | ‘‘(iv) segments of the private sector; 5 |
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| 152 | 152 | | and 6 |
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| 153 | 153 | | ‘‘(B) the effect of the major rule on job 7 |
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| 154 | 154 | | creation or job loss, which shall be quantified to 8 |
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| 155 | 155 | | the extent feasible; and 9 |
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| 156 | 156 | | ‘‘(4)(A) a description of the extent of the prior 10 |
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| 157 | 157 | | consultation of the agency under section 204 with 11 |
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| 158 | 158 | | elected representatives of each affected State, local, 12 |
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| 159 | 159 | | or Tribal government; 13 |
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| 160 | 160 | | ‘‘(B) a summary of the comments and concerns 14 |
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| 161 | 161 | | that were presented to the agency orally or in writ-15 |
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| 162 | 162 | | ing by State, local, or Tribal governments; and 16 |
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| 163 | 163 | | ‘‘(C) a summary of the evaluation by the agen-17 |
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| 164 | 164 | | cy of the comments and concerns described in sub-18 |
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| 165 | 165 | | paragraph (B).’’; 19 |
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| 166 | 166 | | (D) in subsection (d), as so redesignated, 20 |
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| 167 | 167 | | by striking ‘‘a statement under subsection (a) is 21 |
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| 168 | 168 | | required, the agency shall include in the pro-22 |
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| 169 | 169 | | mulgation a summary of the information con-23 |
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| 170 | 170 | | tained in the statement’’ and inserting ‘‘an 24 |
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| 171 | 171 | | analysis under subsection (b) is required, the 25 |
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| 174 | 174 | | •HR 580 IH |
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| 175 | 175 | | agency promulgating the major rule shall in-1 |
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| 176 | 176 | | clude in the promulgation a summary of the in-2 |
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| 177 | 177 | | formation contained in the analysis’’; and 3 |
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| 178 | 178 | | (E) in subsection (e), as so redesignated, 4 |
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| 179 | 179 | | by striking ‘‘any statement required under sub-5 |
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| 180 | 180 | | section (a) in conjunction with or as a part of 6 |
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| 181 | 181 | | any other statement or analysis, provided that 7 |
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| 182 | 182 | | the statement or analysis satisfies the provi-8 |
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| 183 | 183 | | sions of subsection (a)’’ and inserting ‘‘any 9 |
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| 184 | 184 | | analysis required under subsection (b) in con-10 |
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| 185 | 185 | | junction with, or as a part of, any other state-11 |
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| 186 | 186 | | ment or analysis if the other statement or anal-12 |
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| 187 | 187 | | ysis satisfies the requirements of subsections 13 |
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| 188 | 188 | | (b) and (c)’’. 14 |
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| 189 | 189 | | SEC. 3. ENHANCED STAKEHOLDER CONSULTATION. 15 |
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| 190 | 190 | | Section 204 of the Unfunded Mandates Reform Act 16 |
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| 191 | 191 | | of 1995 (2 U.S.C. 1534) is amended— 17 |
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| 192 | 192 | | (1) in the section heading, by inserting ‘‘ |
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| 193 | 193 | | AND 18 |
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| 194 | 194 | | PRIVATE SECTOR ’’ before ‘‘INPUT’’; 19 |
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| 195 | 195 | | (2) in subsection (a)— 20 |
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| 196 | 196 | | (A) by inserting ‘‘, and impacted parties 21 |
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| 197 | 197 | | within the private sector (including small busi-22 |
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| 198 | 198 | | nesses),’’ after ‘‘on their behalf)’’; and 23 |
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| 201 | 201 | | •HR 580 IH |
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| 202 | 202 | | (B) by striking ‘‘Federal intergovernmental 1 |
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| 203 | 203 | | mandates’’ and inserting ‘‘Federal mandates’’; 2 |
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| 204 | 204 | | and 3 |
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| 205 | 205 | | (3) by amending subsection (c) to read as fol-4 |
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| 206 | 206 | | lows: 5 |
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| 207 | 207 | | ‘‘(c) G |
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| 208 | 208 | | UIDELINES.—For appropriate implementation 6 |
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| 209 | 209 | | of subsections (a) and (b) consistent with applicable laws 7 |
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| 210 | 210 | | and regulations, the following guidelines shall be followed: 8 |
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| 211 | 211 | | ‘‘(1) Consultations shall take place as early as 9 |
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| 212 | 212 | | possible, before issuance of a notice of proposed rule-10 |
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| 213 | 213 | | making, continue through the final rule stage, and 11 |
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| 214 | 214 | | be integrated explicitly into the rulemaking process. 12 |
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| 215 | 215 | | ‘‘(2) Agencies shall consult with a wide variety 13 |
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| 216 | 216 | | of State, local, and Tribal officials and impacted 14 |
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| 217 | 217 | | parties within the private sector (including small 15 |
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| 218 | 218 | | businesses). Geographic, political, and other factors 16 |
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| 219 | 219 | | that may differentiate varying points of view should 17 |
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| 220 | 220 | | be considered. 18 |
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| 221 | 221 | | ‘‘(3) Agencies should estimate benefits and 19 |
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| 222 | 222 | | costs to assist with these consultations. The scope of 20 |
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| 223 | 223 | | the consultation should reflect the cost and signifi-21 |
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| 224 | 224 | | cance of the Federal mandate being considered. 22 |
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| 225 | 225 | | ‘‘(4) Agencies shall, to the extent practicable— 23 |
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| 226 | 226 | | ‘‘(A) seek out the views of State, local, and 24 |
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| 227 | 227 | | Tribal governments, and impacted parties with-25 |
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| 231 | 231 | | in the private sector (including small busi-1 |
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| 232 | 232 | | nesses), on costs, benefits, and risks; and 2 |
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| 233 | 233 | | ‘‘(B) solicit ideas about alternative meth-3 |
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| 234 | 234 | | ods of compliance and potential flexibilities, and 4 |
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| 235 | 235 | | input on whether the Federal regulation will 5 |
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| 236 | 236 | | harmonize with and not duplicate similar laws 6 |
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| 237 | 237 | | in other levels of government. 7 |
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| 238 | 238 | | ‘‘(5) Consultations shall address the cumulative 8 |
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| 239 | 239 | | impact of regulations on the affected entities. 9 |
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| 240 | 240 | | ‘‘(6) Agencies may accept electronic submis-10 |
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| 241 | 241 | | sions of comments by relevant parties but may not 11 |
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| 242 | 242 | | use those comments as the sole method of satisfying 12 |
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| 243 | 243 | | the guidelines in this subsection.’’. 13 |
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| 244 | 244 | | SEC. 4. MAXIMIZE NET BENEFITS OR PROVIDE EXPLA-14 |
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| 245 | 245 | | NATION. 15 |
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| 246 | 246 | | Title II of the Unfunded Mandates Reform Act of 16 |
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| 247 | 247 | | 1995 (2 U.S.C. 1531 et seq.) is amended by striking sec-17 |
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| 248 | 248 | | tion 205 (2 U.S.C. 1535) and inserting the following: 18 |
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| 249 | 249 | | ‘‘SEC. 205. MAXIMIZE NET BENEFITS. 19 |
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| 250 | 250 | | ‘‘(a) D |
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| 251 | 251 | | EFINITION OFCOST.—In this section, the term 20 |
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| 252 | 252 | | ‘cost’ has the meaning given the term in section 202(a). 21 |
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| 253 | 253 | | ‘‘(b) R |
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| 254 | 254 | | EQUIREMENT.—Before promulgating any pro-22 |
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| 255 | 255 | | posed or final major rule for which a regulatory impact 23 |
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| 256 | 256 | | analysis is required under section 202, an agency shall 24 |
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| 257 | 257 | | from the alternatives identified and considered under sec-25 |
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| 260 | 260 | | •HR 580 IH |
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| 261 | 261 | | tion 202(c)(1)(B), select the alternative that maximizes 1 |
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| 262 | 262 | | net benefits, taking into consideration only the costs and 2 |
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| 263 | 263 | | benefits that arise within the scope of the statutory provi-3 |
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| 264 | 264 | | sion that authorizes the rulemaking. 4 |
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| 265 | 265 | | ‘‘(c) E |
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| 266 | 266 | | XCEPTIONS.—An agency may adopt an alter-5 |
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| 267 | 267 | | native other than as required under subsection (b) only 6 |
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| 268 | 268 | | if— 7 |
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| 269 | 269 | | ‘‘(1) the Administrator of the Office of Infor-8 |
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| 270 | 270 | | mation and Regulatory Affairs approves the adop-9 |
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| 271 | 271 | | tion by the agency of the alternative; and 10 |
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| 272 | 272 | | ‘‘(2) the alternative is adopted to— 11 |
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| 273 | 273 | | ‘‘(A) account for costs or benefits that can-12 |
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| 274 | 274 | | not be quantified, including costs or benefits re-13 |
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| 275 | 275 | | lated to constitutional or civil rights, provided 14 |
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| 276 | 276 | | that the agency identifies all such costs and 15 |
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| 277 | 277 | | benefits and explains why those costs and bene-16 |
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| 278 | 278 | | fits justify the adoption of the alternative; or 17 |
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| 279 | 279 | | ‘‘(B) achieve additional benefits or cost re-18 |
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| 280 | 280 | | ductions, provided that the agency— 19 |
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| 281 | 281 | | ‘‘(i) identifies— 20 |
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| 282 | 282 | | ‘‘(I) all such additional benefits 21 |
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| 283 | 283 | | and the associated costs of those ben-22 |
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| 284 | 284 | | efits; and 23 |
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| 287 | 287 | | •HR 580 IH |
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| 288 | 288 | | ‘‘(II) all such cost reductions and 1 |
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| 289 | 289 | | the associated benefits of those cost 2 |
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| 290 | 290 | | reductions; and 3 |
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| 291 | 291 | | ‘‘(ii) explains why— 4 |
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| 292 | 292 | | ‘‘(I) the additional benefits jus-5 |
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| 293 | 293 | | tify the additional costs; or 6 |
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| 294 | 294 | | ‘‘(II) the additional cost reduc-7 |
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| 295 | 295 | | tions justify any benefits foregone.’’. 8 |
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| 296 | 296 | | SEC. 5. NEW AUTHORITIES AND RESPONSIBILITIES FOR OF-9 |
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| 297 | 297 | | FICE OF INFORMATION AND REGULATORY 10 |
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| 298 | 298 | | AFFAIRS. 11 |
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| 299 | 299 | | Section 208 of the Unfunded Mandates Reform Act 12 |
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| 300 | 300 | | of 1995 (2 U.S.C. 1538) is amended to read as follows: 13 |
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| 301 | 301 | | ‘‘SEC. 208. OFFICE OF INFORMATION AND REGULATORY AF-14 |
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| 302 | 302 | | FAIRS RESPONSIBILITIES. 15 |
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| 303 | 303 | | ‘‘(a) I |
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| 304 | 304 | | NGENERAL.—The Administrator of the Office 16 |
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| 305 | 305 | | of Information and Regulatory Affairs (in this section re-17 |
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| 306 | 306 | | ferred to as the ‘Administrator’) shall provide meaningful 18 |
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| 307 | 307 | | guidance and oversight so that the major rules of an agen-19 |
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| 308 | 308 | | cy for which a regulatory impact analysis is required under 20 |
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| 309 | 309 | | section 202— 21 |
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| 310 | 310 | | ‘‘(1) are consistent with the principles and re-22 |
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| 311 | 311 | | quirements of this title, as well as other applicable 23 |
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| 312 | 312 | | laws; and 24 |
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| 316 | 316 | | ‘‘(2) and do not conflict with the policies or ac-1 |
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| 317 | 317 | | tions of another agency. 2 |
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| 318 | 318 | | ‘‘(b) N |
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| 319 | 319 | | OTIFICATION.—If the Administrator deter-3 |
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| 320 | 320 | | mines that the major rules of an agency for which a regu-4 |
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| 321 | 321 | | latory impact analysis is required under section 202 do 5 |
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| 322 | 322 | | not comply with the principles and requirements of this 6 |
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| 323 | 323 | | title, are not consistent with other applicable laws, or con-7 |
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| 324 | 324 | | flict with the policies or actions of another agency, the 8 |
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| 325 | 325 | | Administrator shall— 9 |
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| 326 | 326 | | ‘‘(1) identify areas of noncompliance; 10 |
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| 327 | 327 | | ‘‘(2) notify the agency; and 11 |
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| 328 | 328 | | ‘‘(3) request that the agency comply before the 12 |
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| 329 | 329 | | agency finalizes the major rule concerned. 13 |
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| 330 | 330 | | ‘‘(c) A |
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| 331 | 331 | | NNUALSTATEMENTS TOCONGRESS ONAGEN-14 |
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| 332 | 332 | | CYCOMPLIANCE.—The Administrator shall submit to 15 |
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| 333 | 333 | | Congress, including the Committee on Homeland Security 16 |
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| 334 | 334 | | and Governmental Affairs of the Senate and the Com-17 |
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| 335 | 335 | | mittee on Oversight and Government Reform of the House 18 |
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| 336 | 336 | | of Representatives, an annual written report that, for the 19 |
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| 337 | 337 | | 1-year period preceding the report— 20 |
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| 338 | 338 | | ‘‘(1) details compliance by each agency with the 21 |
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| 339 | 339 | | requirements of this title that relate to major rules 22 |
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| 340 | 340 | | for which a regulatory impact analysis is required by 23 |
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| 341 | 341 | | section 202, including activities undertaken at the 24 |
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| 345 | 345 | | request of the Administrator to improve compliance; 1 |
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| 346 | 346 | | and 2 |
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| 347 | 347 | | ‘‘(2) contains an appendix detailing compliance 3 |
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| 348 | 348 | | by each agency with section 204.’’. 4 |
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| 349 | 349 | | SEC. 6. INITIATION OF RULEMAKING. 5 |
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| 350 | 350 | | The Unfunded Mandates Reform Act of 1995 (2 6 |
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| 351 | 351 | | U.S.C. 1501 et seq.) is amended— 7 |
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| 352 | 352 | | (1) by redesignating section 209 (2 U.S.C. 8 |
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| 353 | 353 | | 1531 note) as section 210; and 9 |
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| 354 | 354 | | (2) by inserting after section 208 (2 U.S.C. 10 |
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| 355 | 355 | | 1548) the following: 11 |
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| 356 | 356 | | ‘‘SEC. 209. INITIATION OF RULEMAKING FOR MAJOR RULES. 12 |
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| 357 | 357 | | ‘‘When an agency determines to initiate a rulemaking 13 |
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| 358 | 358 | | that may result in a major rule, the agency shall— 14 |
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| 359 | 359 | | ‘‘(1) establish an electronic docket for that rule-15 |
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| 360 | 360 | | making, which may have a physical counterpart; and 16 |
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| 361 | 361 | | ‘‘(2) publish a notice of initiation of rulemaking 17 |
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| 362 | 362 | | in the Federal Register, which shall— 18 |
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| 363 | 363 | | ‘‘(A) briefly describe the subject and objec-19 |
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| 364 | 364 | | tives of, and the problem to be solved by, the 20 |
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| 365 | 365 | | major rule; 21 |
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| 366 | 366 | | ‘‘(B) refer to the legal authority under 22 |
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| 367 | 367 | | which the major rule would be proposed, includ-23 |
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| 368 | 368 | | ing the specific statutory provision that author-24 |
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| 369 | 369 | | izes the rulemaking; 25 |
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| 373 | 373 | | ‘‘(C) invite interested persons to propose 1 |
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| 374 | 374 | | alternatives and other ideas regarding how best 2 |
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| 375 | 375 | | to accomplish the objectives of the agency in 3 |
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| 376 | 376 | | the most effective manner; 4 |
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| 377 | 377 | | ‘‘(D) indicate how interested persons may 5 |
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| 378 | 378 | | submit written material for the docket; and 6 |
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| 379 | 379 | | ‘‘(E) appear in the Federal Register not 7 |
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| 380 | 380 | | later than 90 days before the date on which the 8 |
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| 381 | 381 | | agency publishes a notice of proposed rule-9 |
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| 382 | 382 | | making for the major rule.’’. 10 |
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| 383 | 383 | | SEC. 7. INCLUSION OF APPLICATION TO INDEPENDENT 11 |
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| 384 | 384 | | REGULATORY AGENCIES. 12 |
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| 385 | 385 | | (a) I |
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| 386 | 386 | | NGENERAL.—Section 421(1) of the Congres-13 |
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| 387 | 387 | | sional Budget Act of 1974 (2 U.S.C. 658(1)) is amended 14 |
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| 388 | 388 | | by striking ‘‘, but does not include independent regulatory 15 |
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| 389 | 389 | | agencies’’. 16 |
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| 390 | 390 | | (b) E |
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| 391 | 391 | | XEMPTION FORMONETARYPOLICY.—The Un-17 |
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| 392 | 392 | | funded Mandates Reform Act of 1995 (2 U.S.C. 1501 et 18 |
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| 393 | 393 | | seq.) is amended by inserting after section 5 the following: 19 |
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| 394 | 394 | | ‘‘SEC. 6. EXEMPTION FOR MONETARY POLICY. 20 |
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| 395 | 395 | | ‘‘Nothing in title II, III, or IV shall apply to rules 21 |
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| 396 | 396 | | that concern monetary policy proposed or implemented by 22 |
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| 397 | 397 | | the Board of Governors of the Federal Reserve System 23 |
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| 398 | 398 | | or the Federal Open Market Committee.’’. 24 |
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| 402 | 402 | | SEC. 8. JUDICIAL REVIEW. 1 |
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| 403 | 403 | | Title IV of the Unfunded Mandates Reform Act of 2 |
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| 404 | 404 | | 1995 is amended by striking section 401 (2 U.S.C. 1571) 3 |
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| 405 | 405 | | and inserting the following: 4 |
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| 406 | 406 | | ‘‘SEC. 401. JUDICIAL REVIEW. 5 |
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| 407 | 407 | | ‘‘(a) I |
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| 408 | 408 | | NGENERAL.—A person that is aggrieved by 6 |
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| 409 | 409 | | final agency action in adopting a major rule that is subject 7 |
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| 410 | 410 | | to section 202 is entitled to judicial review of whether the 8 |
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| 411 | 411 | | agency complied with section 202(b), 202(c)(1), or 205 9 |
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| 412 | 412 | | with respect to the rule. 10 |
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| 413 | 413 | | ‘‘(b) S |
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| 414 | 414 | | COPE OFREVIEW.—Chapter 7 of title 5, 11 |
|---|
| 415 | 415 | | United States Code, shall govern the scope of judicial re-12 |
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| 416 | 416 | | view under subsection (a). 13 |
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| 417 | 417 | | ‘‘(c) J |
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| 418 | 418 | | URISDICTION.—Each court that has jurisdic-14 |
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| 419 | 419 | | tion to review a rule for compliance with section 553 of 15 |
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| 420 | 420 | | title 5, United States Code, or under any other provision 16 |
|---|
| 421 | 421 | | of law, shall have jurisdiction to review a claim brought 17 |
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| 422 | 422 | | under subsection (a). 18 |
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| 423 | 423 | | ‘‘(d) R |
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| 424 | 424 | | ELIEFAVAILABLE.—In granting relief in an 19 |
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| 425 | 425 | | action under this section, a court shall order the agency 20 |
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| 426 | 426 | | that promulgated the major rule that is under review to 21 |
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| 427 | 427 | | take remedial action consistent with chapter 7 of title 5, 22 |
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| 428 | 428 | | United States Code.’’. 23 |
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| 432 | 432 | | SEC. 9. APPLYING SUBSTANTIVE POINT OF ORDER TO PRI-1 |
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| 433 | 433 | | VATE SECTOR MANDATES. 2 |
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| 434 | 434 | | Section 425(a)(2) of the Congressional Budget Act 3 |
|---|
| 435 | 435 | | of 1974 (2 U.S.C. 658d(a)(2)) is amended— 4 |
|---|
| 436 | 436 | | (1) by striking ‘‘Federal intergovernmental 5 |
|---|
| 437 | 437 | | mandates’’ and inserting ‘‘Federal mandates’’; and 6 |
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| 438 | 438 | | (2) by striking ‘‘section 424(a)(1)’’ and insert-7 |
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| 439 | 439 | | ing ‘‘subsection (a)(1) or (b)(1) of section 424’’. 8 |
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| 440 | 440 | | SEC. 10. EFFECTIVE DATE. 9 |
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| 441 | 441 | | Sections 3, 4, 5, and 7 of this Act and the amend-10 |
|---|
| 442 | 442 | | ments made by those sections shall take effect on the date 11 |
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| 443 | 443 | | that is 120 days after the date of enactment of this Act. 12 |
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| 444 | 444 | | Æ |
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