A bill to establish national policies to promote the adoption of Government programs which can be expected to provide the greatest net public benefit and to prevent Government programs from having unreasonable public costs, to establish a system requiring regulatory cost/benefit assessments to be prepared for any proposed legislation or regulation which may have a significant economic impact.
Cost Assessment Act - Requires each proposed rule of a Federal agency and all legislation which may have a significant impact on costs to the public to be accompanied by a Regulatory Cost/Benefit Assessment. Permits emergency rules to be promulgated without such an assessment, provided one is, prepared within 60 days of promulgation. Requires agencies to review existing rules upon their own motion or upon petition of any interested person to compare costs and benefits.
Introduced in House
Introduced in House
Referred to House Committee on Government Operations.
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