,i  #aacth ,,congress  #ast ,session    
,h4 ,r4 #ccda  ,,in ,,the ,,house ,,of  
,,representatives  ,october #bd1        
#bjac,mr4 ,kingston introduced the      
following bill2 which was referred to   
the ,committee on the ,judiciary  ,a    
,,bill  ,to amend title #e1 ,united     
,states ,code1 to provide for the       
consideration of costs and benefits     
during rule making and for the review of
 existing rules4  #a4 ,short title ,this
 ,act may be cited as the ,verifying    
,agencies' ,lasting ,use of             
,expenditures ,act of #bjac or the      
,,value ,act of #bjac4  #b4             
,consideration of costs and benefits    
during rule making ,chapter #e of title 
#e1 ,united ,states ,code1 is amended by
 inserting after section #eec the       
following3  #eec;a4 ,consideration of   
costs and benefits during rule making2  
review of existing rules4  7a7 ,this    
section applies in the case of a rule   
for which an agency is required to      
follow the procedures under section     

#eec4  7b7 ,an agency1 when making a    
rule1 shall-- 7#a7 clearly identify the 
nature and source of the problem that   
the proposed rule is designed to        
address1 as well as assess the          
significance of that problem1 to enable 
assessment of whether any new rule is   
warranted2  7#b7 assess the costs and   
benefits of the rule1 both qualitative  
and quantitative1 and propose a rule    
only on a reasoned determination that   
the benefits of the rule justify the    
costs of the rule2 and  7#c7 identify   
and assess available alternatives to the
 rule that were considered1 including   
amending an existing rule and not       
regulating1 together with an explanation
 of why the rule meets the regulatory   
objectives more effectively than the    
alternatives4  7c7 ,notwithstanding any 
other provision of law1 a rule may not  
take effect unless an agency complies   
with subsection 7b71 except as provided 
in subsection 7d74  7d7 7#a7            
,notwithstanding any other provision of 

this section1 if the ,president makes a 
determination under paragraph 7#b7 and  
submits written notice of such          
determination to the ,congress1 a rule  
that would not take effect by reason of 
subsection 7c7 may take effect for a    
period of #abj days beginning on the    
date that the ,president makes a        
determination under paragraph 7#b74     
7#b7 ,paragraph 7#a7 applies to a       
determination made by the ,president by 
,executive order that the rule should   
take effect because such rule is-- 7,a7 
necessary because of an imminent threat 
to health or safety or other emergency2 
7,b7 necessary for the enforcement of   
criminal laws2  7,c7 necessary for      
national security2 or  7,d7 issued      
pursuant to any statute implementing an 
international trade agreement4  7e7 7#a7
 ,not later than #e years after the date
 of the enactment of the ,verifying     
,agencies' ,lasting ,use of             
,expenditures ,act of #bjac1 and every  
#e years thereafter1 the ,administrator 

of the ,office of ,information and      
,regulatory ,affairs of the ,office of  
,management and ,budget shall-- 7,a7    
review the rules of each agency and     
assess the costs and benefits of such   
rules to determine whether any such     
rules are outmoded1 ineffective1        
insufficient1 or excessively burdensome2
 and  7,b7 submit a report to the head  
of each agency regarding the review     
conducted under subparagraph 7,a7 of    
that agency's rules4  7#b7 ,upon        
receiving a report under paragraph      
7#a77;,b71 the head of an agency shall  
modify1 streamline1 or repeal any rules 
that the ,administrator finds are       
outmoded1 ineffective1 insufficient1 or 
excessively burdensome in accordance    
with such report4  4