H.R.3194 - Job Creation and Regulatory Freeze Act of 2011112th Congress (2011-2012)
|Sponsor:||Rep. Griffin, Tim [R-AR-2] (Introduced 10/13/2011)|
|Committees:||House - Oversight and Government Reform; Judiciary|
|Latest Action:||House - 11/02/2011 Referred to the Subcommittee on Regulatory Affairs, Stimulus Oversight and Government Spending . (All Actions)|
This bill has the status Introduced
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Summary: H.R.3194 — 112th Congress (2011-2012)All Information (Except Text)
Introduced in House (10/13/2011)
Job Creation and Regulatory Freeze Act of 2011 - Prohibits a federal agency from issuing a covered regulation for the period beginning 30 days after the enactment of this Act and ending January 20, 2013. Defines a "covered regulation" as a final regulation that did not take effect before September 1, 2011, that directly or indirectly increases costs on businesses in a manner that will have an adverse effect on job creation, job retention, productivity, competitiveness, or the efficient functioning of the economy, and that is likely to: (1) have an annual effect on the economy of $100 million or more; (2) adversely affect in a material way the economy, productivity, competition, jobs, the environment, public health or safety, or state, local, or tribal governments or communities; (3) create a serious inconsistency or otherwise interfere with an action by another agency; (4) materially alter the budgetary impact of entitlements, grants, user fees, or loan programs or the rights and obligations of recipients; or (5) raise novel legal or policy issues.
Allows agency heads to exempt covered regulations that: (1) are necessary due to an imminent threat to human health or safety or any other emergency; (2) are necessary to enforce criminal laws, (3) foster private sector job creation; (4) encourage economic growth; (5) reduce regulatory burdens; (6) pertain to a military or foreign affairs function; or (7) are limited to interpreting, implementing, or administering the Internal Revenue Code.