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S.1606 - Regulatory Accountability Act of 2011

A bill to reform the process by which Federal agencies analyze and formulate new regulations and guidance documents. view all titles (2)

All Bill Titles

  • Short: Regulatory Accountability Act of 2011 as introduced.
  • Official: A bill to reform the process by which Federal agencies analyze and formulate new regulations and guidance documents. as introduced.

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Bill’s Views

  • Today: 9
  • Past Seven Days: 24
  • All-Time: 3,586
 
Introduced
 
Senate
Passes
 
House
Passes
 
President
Signs
 

 
09/22/11
 
 
 
 
 
 
 

Official Summary

Regulatory Accountability Act of 2011 - Amends the Administrative Procedure Act to revise and expand the requirements for federal agency rulemaking by requiring agencies, in making a rule, to base all preliminary and final determinations on evidence and to consider the legal authority under

Official Summary

Regulatory Accountability Act of 2011 - Amends the Administrative Procedure Act to revise and expand the requirements for federal agency rulemaking by requiring agencies, in making a rule, to base all preliminary and final determinations on evidence and to consider the legal authority under which the rule may be proposed, the specific nature and significance of the problem the agency may address with the rule, any reasonable alternatives for the rule, and the potential costs and benefits associated with such alternatives. Requires agencies to publish advance notice of proposed rulemaking for major rules and for high-impact rules (rules having an annual cost on the economy of $100 million or $1 billion or more, respectively), which shall include a written statement identifying the nature and significance of the problem the agency may address with a rule, the legal authority under which the rule may be proposed, and a solicitation for written data and comments from interested persons. Sets forth criteria for issuing major guidance (agency guidance that is likely to lead to an annual cost on the economy of $100 million or more, a major increase in cost or prices, or significant adverse effects on competition, employment, investment, productivity, innovation, or ability to compete). Expands the scope of judicial review of agency rulemaking by allowing immediate review of rulemaking not in compliance with notice requirements and establishing a substantial evidence standard for affirming agency rulemaking decisions.

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