,,ii  #aad? ,,congress  #a/ ,session    
,s4 #ahag  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,july #ba1 #bjae ,ms4  
,heitkamp 7= h]self & ,mr4 ,lank=d7     
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,homel& ,security & ,gov]nm5tal ,affairs
  ,a ,,bill  ,to improve ! effectiv5ess 
( major rules 9 accompli%+ _! regulatory
 objectives by promot+ retrospective    
review1 & = o!r purposes4  #a4 ,%ort    
title  ,?is ,act may be cit$ z ! ,sm>t] 
,regulations ,?r\gh ,advance ,plann+ &  
,review ,act ( #bjae or ! ,sm>t] ,regs  
,act ( #bjae4  #b4 ,incorporat+         
retrospective review into new major     
rules  7a7 ,9 g5]al ,sub*apt] ,,ii (    
*apt] #e ( title #e1 ,unit$ ,/ates      
,code1 is am5d$-- 7#a7 9 section #eea-- 
7,a7 9 p>agraph 7#ac71 by /rik+ 2 & &   
ins]t+ a semicolon2  7,b7 9 p>agraph    
7#ad71 by /rik+ ! p]iod at ! end &      
ins]t+ a semicolon2 &  7,c7 by add+ at !
 end ! foll[+3  7#ae7 ,adm9i/rator means
 ! ,adm9i/rator ( ! ,(fice ( ,in=mation 

& ,regulatory ,affairs ( ! ,(fice (     
,managem5t & ,budget2 &  7#af7 major    
rule means any rule t ! ,adm9i/rator    
f9ds has result$ 9 or is likely to      
result 9--  7,a7 an annual effect on !  
economy ( #ajj1jjj1jjj or m2  7,b7 a    
major increase 9 co/s or prices =       
consum]s1 individual indu/ries1 ,f$]al1 
,/ate1 or local gov]nm5t ag5cies1 or    
geographic regions2 or  7,c7 significant
 adv]se effects on competition1         
employm5t1 inve/m5t1 productivity1      
innovation1 or on ! ability ( ,unit$    
,/ates-bas$ ent]prises to compete )     
=eign-bas$ ent]prises 9 dome/ic & export
 m>kets4  2 &  7#b7 9 section #eec1 by  
add+ at ! end ! foll[+3  7f7            
,regulation-,specific ,frameworks  7#a7 
,9 g5]al ,beg9n+ #ahj days aft] ! date (
 enactm5t ( ?is subsection1 :5 an ag5cy 
publi%es a propos$ or f9al major rule 9 
! ,f$]al ,regi/]1 ! ag5cy %all include a
 framework = reassess+ ! major rule "u  
p>agraph 7#b71 :i* %all include--  7,a7 
a cle> /atem5t ( ! regulatory objectives

 ( ! major rule1 includ+ ! societal     
b5efit & co/ ( ! major rule2  7,b7 !    
me?odology by :i* ! ag5cy plans to      
analyze ! major rule1 includ+ metrics by
 :i* ! ag5cy c measure--  7i7 !         
effectiv5ess & b5efits ( ! major rule 9 
produc+ ! regulatory objectives ( !     
major rule2 &  7ii7 ! impacts1 includ+  
any co/s1 ( ! major rule on regulat$    
entities2  7,c7 a plan = ga!r+ data     
reg>d+ ! metrics describ$ 9 subp>agraph 
7,b7 on an ongo+ basis1 or at p]iodic   
times1 dur+ ! implem5tation ( ! major   
rule1 includ+ ! me?od by :i* ! ag5cy w  
invite ! public to p>ticipate 9 ! review
 process & seek input f o!r ag5cies1    
tak+ into acc\nt any burd5 to ! public 9
 supply+ relevant data to ag5cies2 &    
7,d7 a specific "t frame1 z appropriate 
to ! major rule & n m ?an #aj ye>s1 "u  
:i* ! ag5cy %all conduct ! reassessm5t (
 ! major rule 9 accordance ) p>agraph   
7#b77;,a74  7#b7 ,reassessm5t  7,a7 ,9  
g5]al ,ea* ag5cy %all assess ! data     
collect$ "u p>agraph 7#a77;,c71 us+ !   

me?odology set =? 9 p>agraph 7#a77;,b71 
) respect to a major rule--  7i7 to     
analyze h[ ! actual b5efits & co/s ( !  
major rule may h v>i$ f ^? anticipat$ at
 ! "t ! major rule 0 issu$2 &  7ii7 to  
det]m9e :e!r-- 7,i7 ! major rule is     
accompli%+ its regulatory objective2    
7,,ii7 ! major rule has be5 r5d]$       
unnecess>y1 tak+ into consid]ation--    
7aa7 *anges 9 ! subject area affect$ by 
! major rule2 &  7bb7 :e!r ! major rule 
ov]laps1 duplicates1 or conflicts ) o!r 
rules or1 to ! ext5t feasible1 ,/ate &  
local gov]nm5t regulations2 &  7,,iii7  
o!r alt]natives to ! major rule or      
modification ( ! major rule c\ld a*ieve 
bett] results :ile impos+ a small] burd5
 on society or at a l[] co/1 tak+ into  
consid]ation any co/ already incurr$4   
7,b7 ,subsequ5t assessm5ts ,if1 aft] a  
reassessm5t ( a major rule "u           
subp>agraph 7,a71 an ag5cy det]m9es t ! 
major rule w rema9 9 effect ) or )\t    
modification1 ! ag5cy %all--  7i7       
det]m9e a specific "t1 z appropriate to 

! major rule & n m ?an #aj ye>s1 "u :i* 
! ag5cy %all conduct ano!r assessm5t ( !
 major rule 9 accordance ) subp>agraph  
7,a72 &  7ii7 if ! assessm5t conduct$ "u
 clause 7i7 does n result 9 a repeal ( !
 major rule1 p]iodically reassess !     
major rule 9 accordance ) subp>agraph   
7,a7 to ensure ! major rule cont9ues to 
meet ! regulatory objective4  7,c7      
,publication ,n lat] ?an #ahj days aft] 
! date on :i* an ag5cy completes a      
reassessm5t ( a major rule "u           
subp>agraph 7,a71 ! ag5cy %all publi% a 
notice ( availability ( ! results ( !   
reassessm5t 9 ! ,f$]al ,regi/]1 includ+ 
! specific "t = any subsequ5t assessm5t 
( ! major rule "u subp>agraph 7,b77i71  
if applicable4  7#c7 ,,omb ov]sight ,!  
,adm9i/rator %all-- 7,a7 issue guidance 
= ag5cies reg>d+ ! developm5t ( !       
framework "u p>agraph 7#a7 & ! conduct (
 ! reassessm5ts "u p>agraph 7#b77;,a72  
7,b7 ov]see ! timely compliance (       
ag5cies ) ?is subsection2 &  7,c7 ensure
 t ! results ( ea* reassessm5t conduct$ 

"u p>agraph 7#b77;,a7 are--  7i7 publi%$
 promptly on a c5traliz$ ,f$]al website2
 &  7ii7 notic$ 9 ! ,f$]al ,regi/] 9    
accordance ) p>agraph 7#b77;,c74  7#d7  
,rule ( con/ruction ,no?+ 9 ?is         
subsection %all be con/ru$ to affect--  
7,a7 ! au?ority ( an ag5cy to reassess  
or modify a major rule ( ! ag5cy e>li]  
?an ! end ( ! "t frame specifi$ = !     
major rule "u p>agraph 7#a77;,d72 or    
7,b7 any o!r provision ( law t requires 
an ag5cy to conduct retrospective       
reviews ( rules issu$ by ! ag5cy4  4    
7b7 ,au?orization ( appropriations ,!re 
are au?oriz$ to be appropriat$ su* sums 
z may be necess>y to c>ry out ! am5dm5ts
 made by subsection 7a74