Regulatory Responsibility for our Economy Act of 2017
Latest action · Jan 9, 2017 Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJan 9, 2017
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Regulatory Responsibility for our Economy Act of 2017
This bill sets forth general requirements for the federal regulatory system, including the protection of public health, welfare, safety, and the environment, the promotion of predictability in the regulatory process, and the consideration of benefits and costs of regulations.
The bill requires federal agencies to: (1) propose or adopt regulations only upon a reasoned determination that the benefits of such regulations justify their costs; (2) tailor regulations to impose the least burden on society and to maximize economic and other benefits; (3) involve the public and parties affected by regulations in the regulatory process; (4) develop regulatory actions that promote innovation, flexibility, and objectivity; and (5) consider methods to promote retrospective analysis of rules that may be outmoded, ineffective, insufficient, or excessively burdensome, and develop plans for reviewing on a periodic basis significant regulation actions (i.e., those having an annual effect on the economy of $100 million or more or otherwise adversely affecting the economy).
The bill provides for judicial review of any agency action required under this bill.
Cosponsors 5
Members who signed on, in the order they did. Signatures ran from Jan 9, 2017 to Jan 11, 2017; 4 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-AZ | Jeff Flake | Original | Jan 9, 2017 |
| R-ID | Mike Crapo | Original | Jan 9, 2017 |
| R-MS | Roger F. Wicker | Original | Jan 9, 2017 |
| R-MO | Roy Blunt | Original | Jan 9, 2017 |
| R-FL | Marco Rubio | Jan 11, 2017 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Homeland Security and Governmental Affairs Committee | Referred Jan 9, 2017 |
Actions 2
Everything that happened, newest first.
- Jan 9, 2017Introduced in Senate
- Jan 9, 2017Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 168 | Regulatory Responsibility for our Economy Act of 2015 | Reintroduction of | Jan 13, 2015 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill to codify and modify regulatory requirements of Federal agencies.
- Short Titles as Introduced
- Regulatory Responsibility for our Economy Act of 2017
Subjects
Assigned by the Library of Congress. Policy area: Government Operations and Politics.
Text 1
Each version as it was printed, newest first.
- Jan 9, 2017Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
