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Titles (2)

Short Titles

Short Titles - Senate

Short Titles as Introduced

Article I Regulatory Budget Act of 2016

Official Titles

Official Titles - Senate

Official Titles as Introduced

A bill to amend the Congressional Budget Act of 1974 to establish a Federal regulatory budget and to impose cost controls on that budget, and for other purposes.


Actions Overview (1)

Date
05/25/2016Introduced in Senate

All Actions (1)

Date
05/25/2016Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Action By: Senate

Cosponsors (2)

* = Original cosponsor
CosponsorDate Cosponsored
Sen. Rubio, Marco [R-FL]* 05/25/2016
Sen. Enzi, Michael B. [R-WY]* 05/25/2016

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
Senate Homeland Security and Governmental Affairs05/25/2016 Referred to

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Latest Summary (1)

There is one summary for S.2982. View summaries

Shown Here:
Introduced in Senate (05/25/2016)

Article I Regulatory Budget Act

This bill amends the Congressional Budget Act of 1974 and other laws to establish and enforce a federal regulatory budget.

The President's annual budget submission must include an analysis of the cost of compliance with current and proposed federal regulations and proposals for complying with the levels and allocations established pursuant to this bill.

The bill amends the Regulatory Flexibility Act to require agencies to provide additional analysis of the private sector costs for compliance with new regulations.

An agency may not issue certain guidance documents setting forth policies or interpretations regarding statutory, regulatory, or technical issues unless it has provided notice and an opportunity for comment.

A concurrent resolution on the budget must include levels for the federal regulatory cost for at least five years. The bill establishes a process for allocating the totals among congressional committees, agencies, programs, and major functional categories.

The bill establishes procedures for enforcing the requirements, including:

  • points of order which may be raised against legislation to enforce the allocations, subject to a waiver by Congress;
  • private rights of action in federal court; and
  • a requirement for appropriations legislation to include enforcement provisions.

The Congressional Budget Office (CBO) must submit: (1) a baseline projecting the federal regulatory cost over at least five years, (2) analysis of the federal regulatory cost of legislation reported by congressional committees, and (3) look-back reviews comparing CBO estimates with actual costs.

The Office of Management and Budget (OMB) and the CBO must submit jointly to the President and Congress an analysis of the cost and economic effects of federal regulations, including recommendations for improvements to the regulatory budgeting process.

Federal agencies and the Government Accountability Office must provide reports and cost estimates for specified regulations.