US SB870 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on March 26 2019 - 25% progression, died in committee
Action: 2019-03-26 - Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Pending: Senate Homeland Security And Governmental Affairs Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 26 2019 - 25% progression, died in committee
Action: 2019-03-26 - Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Pending: Senate Homeland Security And Governmental Affairs Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Revises rulemaking requirements with respect to unfunded mandates. Specifically, the bill (1) requires federal agencies to prepare and publish in the Federal Register an initial and final regulatory impact analysis prior to promulgating any proposed or final rule that may have an annual effect on the economy of $100 million or more (adjusted for inflation); (2) requires consideration of regulatory alternatives to the rule and requires the selection of the least costly, most cost-effective, or least burdensome alternative; (3) exempts from such requirements rules that concern monetary policy proposed or implemented by the Board of Governors of the Federal Reserve System or the Federal Open Market Committee; and (4) expands judicial review of agency rulemaking. The bill extends certain budgetary requirements to independent regulatory agencies.
Title
Unfunded Mandates Accountability Act
Sponsors
Sen. Rob Portman [R-OH] |
History
Date | Chamber | Action |
---|---|---|
2019-03-26 | Senate | Read twice and referred to the Committee on Homeland Security and Governmental Affairs. |
Same As/Similar To
SB4077 (Related) 2020-12-16 - Placed on Senate Legislative Calendar under General Orders. Calendar No. 643.
Subjects
Administrative law and regulatory procedures
Economic performance and conditions
Federal Reserve System
Government information and archives
Government operations and politics
Judicial review and appeals
Monetary policy
Unemployment
Economic performance and conditions
Federal Reserve System
Government information and archives
Government operations and politics
Judicial review and appeals
Monetary policy
Unemployment
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/senate-bill/870/all-info |
Text | https://www.congress.gov/116/bills/s870/BILLS-116s870is.pdf |