To amend chapter 5 of title 31, United States Code, to require publication of information relating to regulatory conflicts of interest, and for other purposes.
Determining if Regulatory Actions are in the Interest of the Nation or the Swamp Act of 2017 or the DRAIN the Swamp Act of 2017
This bill requires each agency to submit to the Government Accountability Office (GAO), for each major rule that the agency proposes or finalizes, an assessment and quantification of any regulatory conflict of interest (i.e., providing a substantial pecuniary benefit to the President and certain advisors) pertaining to that major rule. Before a major rule may take effect, the agency must submit to the GAO and publish in the Federal Register the assessment and quantification.
This bill does not apply to rules if an agency finds that notice and public procedure for the rule are impracticable, unnecessary, or contrary to the public interest.
Referred to the Committee on Oversight and Government Reform, and in addition to the Committees on the Judiciary, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Introduced in House
Introduced in House
Referred to the House Committee on the Judiciary.
Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.
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