Jump to content

Rein in Regulation Act


Sheridan

Recommended Posts

Senator BARILLA, for himself, submits

A BILL

To restrict the ability of executive agencies to issue and maintain costly regulations, and for other purposes

SECTION 1. SHORT TITLE. 

(a) This bill may be cited as the "Rein in Regulation Act".

SEC. 2. GENERAL LIMIT ON COSTLY REGULATIONS.

(a) No federal agency, nor any other organ of the US Executive Branch, may issue a regulation or rule whose economic cost has been estimated, either by said agency or by the Office of Management and Budget, as more than $2 billion, unless the regulation or rule is a revision of an existing regulation or rule and is less costly than the existing regulation or rule. 

(b) All federal agencies, and all other organs of the US Executive Branch, including the Office of Management and Budget, shall be subject to a yearly audit, conducted by a third party, neutral auditor, studying the accuracy of their past cost estimates. The result of such audits shall be made available to the public, and shall be sent to the Speaker of the House, the President Pro Tempore of the Senate, and to the President. 

(c) EXCEPTION - A federal agency or other organ of the US Executive Branch may issue a regulation or rule that would otherwise be voided under Sec 2(a) by the following process:

(i) The President must issue a statement certifying that the regulation is necessary; 

(ii) Each House of Congress shall give the regulation an up-or-down vote within 20 days of such certification, with no amendment or debate;

(iii) The proposed regulation must pass with a majority in both Houses of Congress;

(iv) All other applicable laws and procedures regarding the issuance of new or revised regulations or rules have been followed. 

SEC. 3. LIMITS ON ENERGY-RELATED RULES.

(a) For a regulation or rule affecting the production, shipment, or consumption of energy in the United States, the limit in Sec 2(a) shall be $1 billion. 

SEC. 4. MANDATORY SUNSET PROVISIONS.

(a) Any new regulation or rule issued by any federal agency or other organ of the US Executive Branch shall automatically expire five (5) years after its promulgation, unless the agency or organ takes action to re-issue it. 

(b) Before re-issuing an expiring regulation, a federal agency or other organ of the US Executive Branch shall conduct a cost-benefit analysis to determine if the regulation was necessary, if the regulation was costlier than anticipated, and if the regulation should be re-issued given what is now known

SEC. 5. ADMINISTRATIVE PROCEDURE ACT.

(a) No section of this act shall be construed so as to remove any other rulemaking or regulatory requirement imposed on federal agencies by the Administrative Procedure Act, or any other legislation

SEC. 6. ENACTMENT.

(a) This bill shall go into effect immediately upon its Constitutional passage.

 

Senator John Kadar (R-WV)

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...