Us Congress 2025-2026 Regular Session

Us Congress Senate Bill SB148 Compare Versions

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

Old	New	Differences
1	1	II
2	2	119THCONGRESS
3	3	1
4	4	STSESSION S. 148
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 SENATE OF THE UNITED STATES
8	8	JANUARY17, 2025
9	9	Ms. E
10	10	RNST(for herself and Mr. LANKFORD) introduced the following bill;
11	11	which was read twice and referred to the Committee on Homeland Secu-
12	12	rity and Governmental Affairs
13	13	A BILL
14	14	To prohibit the use of non-monetized or unqualified factors
15	15	for regulatory analyses, and for other purposes.
16	16	Be it enacted by the Senate and House of Representa-1
17	17	tives of the United States of America in Congress assembled, 2
18	18	SECTION 1. SHORT TITLE. 3
19	19	This Act may be cited as the ‘‘Regulations Evaluated 4
20	20	to Determine The Anticipated Price and Effect Act’’ or 5
21	21	the ‘‘RED TAPE Act’’. 6
22	22	SEC. 2. FINDINGS. 7
23	23	Congress finds that agencies must prioritize tangible, 8
24	24	immediately quantifiable monetary benefits in their deci-9
25	25	sion making processes, ensuring regulatory actions yield 10
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28	28	•S 148 IS
29	29	clear and measurable financial benefits to the public and 1
30	30	private sectors while minimizing unnecessary regulatory 2
31	31	costs or burdens. 3
32	32	SEC. 3. PROHIBITION ON NET BENEFIT DISCOUNTS; CON-4
33	33	SIDERATION OF REGULATORY IMPACT ANAL-5
34	34	YSES. 6
35	35	(a) I
36	36	NGENERAL.—Chapter 6 of title 5, United 7
37	37	States Code, is amended— 8
38	38	(1) in section 601— 9
39	39	(A) in paragraph (6), by striking ‘‘and’’ at 10
40	40	the end; 11
41	41	(B) in paragraph (7), by striking the pe-12
42	42	riod at the end and inserting a semicolon; and 13
43	43	(C) by adding at the end the following: 14
44	44	‘‘(8) the term ‘benefit-cost analysis’ has the 15
45	45	meaning given the term in Office of Management 16
46	46	and Budget Circular A–94, as revised on November 17
47	47	9, 2023, or any successor revision; and 18
48	48	‘‘(9) the term ‘regulatory impact analysis’ 19
49	49	means a regulatory analysis described in— 20
50	50	‘‘(A) Executive Order 12866 (5 U.S.C. 21
51	51	601 note; relating to regulatory planning and 22
52	52	review); 23
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55	55	•S 148 IS
56	56	‘‘(B) Executive Order 13563 (5 U.S.C. 1
57	57	601 note; relating to improving regulation and 2
58	58	regulatory review); 3
59	59	‘‘(C) Executive Order 14094 (88 Fed. Reg. 4
60	60	21879; relating to modernizing regulatory re-5
61	61	view); 6
62	62	‘‘(D) Office of Management and Budget 7
63	63	Circular No. A–4, as revised on November 9, 8
64	64	2023, or any successor revision; or 9
65	65	‘‘(E) Office of Management and Budget 10
66	66	Circular No. A–94, as revised on November 9, 11
67	67	2023, or any successor revision.’’; and 12
68	68	(2) by adding at the end the following: 13
69	69	‘‘§ 613. Prohibition on use of non-monetized or un-14
70	70	qualified factors for regulatory analyses 15
71	71	‘‘(a) A
72	72	GENCYPROHIBITION.—An agency may not 16
73	73	consider any non-monetized or unquantified factor when 17
74	74	conducting a regulatory impact analysis or benefit-cost 18
75	75	analysis on any proposed rule, final rule, or interim final 19
76	76	rule. 20
77	77	‘‘(b) OMB P
78	78	ROHIBITION.—The Office of Manage-21
79	79	ment and Budget may not— 22
80	80	‘‘(1) authorize in any manner, such as in 23
81	81	issuing guidance, a memorandum, a directive, or a 24
82	82	rule that permit or endorse the analysis or use of 25
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85	85	•S 148 IS
86	86	any non-monetized or unquantified factor when con-1
87	87	ducting a regulatory impact analysis or benefit-cost 2
88	88	analysis on any proposed rule, final rule, or interim 3
89	89	final rule; or 4
90	90	‘‘(2) consider any non-monetized or 5
91	91	unquantified factor presented in a regulatory impact 6
92	92	analysis or benefit-cost analysis of another agency. 7
93	93	‘‘(c) P
94	94	UBLICTRANSPARENCY.—Each agency shall 8
95	95	publish in the Federal Register, with respect to and along 9
96	96	with each proposed rule, final rule, or interim final rule— 10
97	97	‘‘(1) a summary of each regulatory impact anal-11
98	98	ysis and benefit-cost analysis conducted by the agen-12
99	99	cy; 13
100	100	‘‘(2) the text of each regulatory impact analysis 14
101	101	and benefit-cost analysis conducted by the agency, 15
102	102	including a disclosure of the methodology and spe-16
103	103	cific analyses used by the agency in estimating eco-17
104	104	nomic impacts, and the determination and rationale 18
105	105	of such economic impact analyses; and 19
106	106	‘‘(3) any additional information of the agency 20
107	107	relevant to the regulatory impact and benefit-cost 21
108	108	analyses conducted by the agency, such as the deci-22
109	109	sion-making processes of the agency. 23
110	110	‘‘(d) R
111	111	EGULATORYGUIDANCE.—Not later than 90 24
112	112	days after the date of enactment of this section, the Direc-25
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115	115	•S 148 IS
116	116	tor of the Office of Management and Budget shall issue 1
117	117	revised guidance to agencies to ensure compliance with the 2
118	118	provisions of this section. 3
119	119	‘‘(e) J
120	120	UDICIALREVIEW.— 4
121	121	‘‘(1) I
122	122	N GENERAL.—Any party affected by a 5
123	123	rule issued by an agency that considered a non-mon-6
124	124	etized or unquantified factor when conducting a reg-7
125	125	ulatory impact or benefit-cost analysis in violation of 8
126	126	this section may bring a civil action against the 9
127	127	agency to challenge the rule in a district court of the 10
128	128	United States. 11
129	129	‘‘(2) I
130	130	NVALIDATION OF REGULATION .—If the 12
131	131	court finds that an agency relied upon non-mone-13
132	132	tized or unquantified factors to evaluate a final rule 14
133	133	or interim final rule in contravention of this section, 15
134	134	the court shall declare the rule invalid. 16
135	135	‘‘(3) S
136	136	TATUTE OF LIMITATIONS .—This sub-17
137	137	section shall apply with respect to any rule issued by 18
138	138	an agency on or after November 9, 2023.’’. 19
139	139	(b) T
140	140	ECHNICAL AND CONFORMINGAMENDMENT.— 20
141	141	The table of sections for chapter 6 of title 5, United States 21
142	142	Code, is amended by adding at the end the following: 22
143	143	‘‘613. Prohibition on use of non-monetized or unquantified factors for regulatory
144	144	analyses.’’.
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147	147	•S 148 IS
148	148	SEC. 4. EFFECTIVE DATE. 1
149	149	The amendments made by section 3 shall take effect 2
150	150	on the date that is 30 days after the date of enactment 3
151	151	of this Act. 4
152	152	Æ
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