S.1438 - Regulation Moratorium and Jobs Preservation Act of 2011

A bill to provide that no agency may take any significant regulatory action until the unemployment rate is equal to or less than 7.7 percent. view all titles (2)

All Bill Titles

  • Official: A bill to provide that no agency may take any significant regulatory action until the unemployment rate is equal to or less than 7.7 percent. as introduced.
  • Short: Regulation Moratorium and Jobs Preservation Act of 2011 as introduced.

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Introduced
 
Senate
Passes
 
House
Passes
 
President
Signs
 

 
07/28/11
 
 
 
 
 
 
 

Sponsor

Senator

Ron Johnson

R-WI

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Official Summary

Regulation Moratorium and Jobs Preservation Act of 2011 - Prohibits any federal agency from taking any significant regulatory action until the Bureau of Labor Statistics (BLS) reports a monthly unemployment rate equal to or less than 7.7%.   Defines as \"significant\" any regulatory action

Official Summary

Regulation Moratorium and Jobs Preservation Act of 2011 - Prohibits any federal agency from taking any significant regulatory action until the Bureau of Labor Statistics (BLS) reports a monthly unemployment rate equal to or less than 7.7%.   Defines as \"significant\" any regulatory action that is likely to:
(1) have an annual effect on the economy of $100 million or more or adversely affect the economy, productivity, competition, jobs, the environment, public health or safety, small entities, or state, local, or tribal governments or communities;
(2) create a serious inconsistency or otherwise interfere with another agency's action;
(3) materially alter the budgetary impact of entitlements, grants, user fees, or loan programs or the rights and obligations of recipients thereof; or
(4) raise novel legal or policy issues. Authorizes the President to waive such prohibition if the President notifies Congress that a waiver is necessary on the basis of national security or a national emergency.  Allows judicial review of all claims under this Act.

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