A bill to amend chapter 8 of title 5, United States Code, to require major rules of agencies to be approved by Congress in order to take effect, and for other purposes.
Defines major rule as any rule that the Administrator of the Office of Information and Regulatory Affairs of the Office of Management and Budget finds has resulted in or is likely to result in: (1) an annual effect on the economy of $100 million or more; (2) a major increase in costs or prices for consumers, individual industries, Federal, State, or local government agencies, or geographic regions; or (3) significant adverse effects on competition, employment, investment, productivity, innovation, or on the ability of U.S.-based enterprises to compete with foreign-based enterprises in domestic and export markets. Excludes from the meaning of major rule any rule promulgated under the Telecommunications Act of 1996 and the amendments made by that Act.
Declares that any major rule approved by a joint resolution (other than one deemed passed) shall not be subject to judicial review.
Authorizes the President to establish by Executive order a program for the systematic review of rules.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S4566)
Read twice and referred to the Committee on Governmental Affairs.
Sponsor introductory remarks on measure. (CR S5323)
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