S.817 - A bill to provide for the inclusion of independent regulatory agencies in the application of the Unfunded Mandates Reform Act of 1995 (2 U.S.C. 1501 et seq.).112th Congress (2011-2012)
|Sponsor:||Sen. Portman, Rob [R-OH] (Introduced 04/14/2011)|
|Committees:||Senate - Budget|
|Latest Action:||Senate - 04/14/2011 Read twice and referred to the Committee on the Budget. (All Actions)|
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Summary: S.817 — 112th Congress (2011-2012)All Information (Except Text)
Introduced in Senate (04/14/2011)
Amends the Congressional Budget and Impoundment Control Act of 1974 to revise the definition of "agency" to include independent regulatory agencies for purposes of provisions concerning federal mandates.
Amends the Unfunded Mandates Reform Act of 1995 to provide that provisions of such Act relating to regulatory accountability and reform, review of federal mandates, and judicial review shall not apply to rules concerning monetary policy proposed or implemented by the Board of Governors of the Federal Reserve System or the Federal Open Market Committee.