Lessening Regulatory Costs and Establishing a Federal Regulatory Budget Act of 2021
Latest action · Feb 11, 2021 Referred to the House Committee on Oversight and Reform.
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.
- IntroducedFeb 11, 2021
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Lessening Regulatory Costs and Establishing a Federal Regulatory Budget Act of 2021
This bill establishes procedures and provides statutory authority to reduce the number of federal regulations. Specifically, it requires each agency to establish a regulatory reform task force chaired by a designated regulatory reform officer. Each task force must, among other duties (1) review each existing agency regulation; (2) estimate the potential cost savings of repealing or modifying each regulation; and (3) identify regulations that are appropriate for repeal, replacement, or modification based on cost, effectiveness, and impact on employment.
The bill further provides statutory authority for the executive order prohibiting agencies from issuing a new regulation with an economic impact of at least $100 million without identifying two regulations for repeal that will offset the cost of the proposed new regulation.
Agencies also must submit a list of all planned regulatory actions for inclusion in the semiannual Unified Agenda of Federal Regulatory and Deregulatory Actions, including (1) the estimated economic effect of each action, and (2) proposed deregulatory actions to offset the cost of each proposed new regulation. Additionally, the Office of Management and Budget must establish an annual regulatory budget for each federal agency that specifies the net allowable increase in regulatory costs for each agency during the next fiscal year.
Cosponsors 10
Members who signed on, in the order they did. Signatures ran from Feb 11, 2021 to Apr 29, 2022, with 4 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-GA | Jody B. Hice | Original | Feb 11, 2021 |
| R-FL | Matt Gaetz | Original | Feb 11, 2021 |
| R-TN | Scott DesJarlais | Original | Feb 11, 2021 |
| R-PA | Scott Perry | Original | Feb 11, 2021 |
| R-TX | Jodey C. Arrington | Feb 18, 2021 | |
| R-SC | Ralph Norman | Feb 18, 2021 | |
| R-IA | Ashley Hinson | Apr 5, 2021 | |
| R-VA | Ben Cline | Apr 8, 2021 | |
| R-ID | Michael K. Simpson | Apr 14, 2022 | |
| R-VA | Bob Good | Apr 29, 2022 |
Actions 2
Everything that happened, newest first.
- Feb 11, 2021Introduced in House
- Feb 11, 2021Referred to the House Committee on Oversight and Reform.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 3996 | Reducing Regulatory Burdens Act | Related bill | Apr 5, 2022 |
Subjects
Assigned by the Library of Congress. Policy area: Government Operations and Politics.
Text 1
Each version as it was printed, newest first.
- Feb 11, 2021Introduced in House
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.