,,ii  #aacth ,,congress  #ast ,session  
,s4 #adgb  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,august #a1    
#bjac ,ms4 ,klobuchar 7for herself and  
,ms4 ,collins7 introduced the following 
bill2 which was read twice and referred 
to the ,committee on the ,budget  ,a    
,,bill  ,to create a division within the
 ,congressional ,budget ,office that    
would perform regulatory analysis4  #a4 
,short title ,this ,act may be cited as 
the ,strengthening ,congressional       
,oversight of ,regulatory actions for   
,efficiency4  #b4 ,regulatory analysis  
by ,,cbo ,title ,,ii of the             
,congressional ,budget ,act of #aigd is 
amended by inserting at the end the     
following3  #bjd4 ,regulatory analysis  
division  7a7 ,in general ,the ,director
 shall establish and maintain a separate
 ,regulatory ,analysis ,division        
7referred to in this section as the     
#8division'7 within the ,office that    
shall be responsible for assessing the  
impact of ,federal rules and            

regulations4  7b7 ,analysis ,the        
responsibilities of the division shall  
include--  7#a7 an analysis1 during the 
public comment period upon the proposal 
of a rule1 of the prospective economic  
impact of economically significant rules
 having an annual effect on the economy 
of #ajj1jjj1jjj or more or adversely    
affect in a material way the economy1 a 
sector of the economy1 productivity1    
competition1 jobs1 the environment1     
public health or safety1 or ,state1     
local1 or tribal governments or         
communities2 and  7#b7 analysis of      
economically significant regulations    
that have been in effect for #e years1  
including an analysis of costs and      
benefits to determine if the regulation 
is meeting the stated goals the         
regulation was intended to provide4  7c7
 ,authorization for appropriation ,there
 are authorized to be appropriated such 
sums as are necessary for the division  
to carry out its duties4  4