,i  #aae? ,,congress  #a/ ,session  ,h4 
,r4 #bfbc  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,may #bd1 #bjag,mr4   
,mead[s introduc$ ! foll[+ bill2 :i* 0  
ref]r$ to ! ,committee on ,ov]sight &   
,gov]nm5t ,re=m1 & 9 addition to !      
,committee on ! ,judici>y1 = a p]iod to 
be subsequ5tly det]m9$ by ! ,speak]1 9  
ea* case = consid]ation ( su* provisions
 z fall )9 ! jurisdiction ( ! committee 
conc]n$  ,a ,,bill  ,to provide = a     
me?od by :i* ! economic co/s (          
significant regulatory actions may be   
(fset by ! repeal ( o!r regulatory      
actions1 & = o!r purposes4  #a4 ,%ort   
title2 table ( cont5ts  7a7 ,%ort title 
,?is ,act may be cit$ z ! ,less5+       
,regulatory ,co/s & ,e/abli%+ a ,f$]al  
,regulatory ,budget ,act ( #bjag4  7b7  
,table ( cont5ts ,! table ( cont5ts =   
?is ,act is z foll[s3  ,sec4 #a4 ,%ort  
title2 table ( cont5ts4 ,sec4 #b4 ,s5se 
( ,congress2 purpose4 ,sec4 #c4         
,regulatory re=m (fic]s4 ,sec4 #d4      
,regulatory re=m task =ces4 ,sec4 #e4   

,acc\ntability4 ,sec4 #f4 ,regulatory   
cap4 ,sec4 #g4 ,annual regulatory co/   
submission to ! ,(fice ( ,managem5t &   
,budget4 ,sec4 #h4 ,waiv]4 ,sec4 #i4    
,def9itions4  #b4 ,s5se ( ,congress2    
purpose  7a7 ,s5se ( ,congress ,x is !  
s5se ( ,congress t ! ,f$]al ,gov]nm5t   
%\ld be prud5t & f9ancially responsible 
9 ! exp5diture ( funds1 f bo? public &  
private s\rces4 ,9 addition to !        
managem5t ( ! direct exp5diture (       
taxpay] doll>s ?r\gh ! budget+ process1 
x is ess5tial to manage ! co/s associat$
 ) ! gov]nm5tal imposition ( private    
exp5ditures requir$ to comply ) ,f$]al  
regulations4  7b7 ,purpose ,! purpose ( 
?is ,act is-- 7#a7 to remove unnecess>y 
& outdat$ regulations :5 a new          
significant regulation is issu$2 &  7#b7
 to prud5tly manage & control ! co/ (   
plann$ regulations ?r\gh an annual      
budget+ process4  #c4 ,regulatory re=m  
(fic]s  7a7 ,9 g5]al ,except z provid$ =
 "u section #h1 n lat] ?an #fj days aft]
 ! date ( ! enactm5t ( ?is ,act1 ! head 

( ea* ag5cy %all designate an employee  
or (fic] ( ! ag5cy z ! ,regulatory ,re=m
 ,(fic] 79 ?is ,act ref]r$ to z ! ag5cy 
,,rro74 ,ea* ,,rro %all ov]see !        
implem5tation ( regulatory re=m         
initiatives & policies = ! ag5cy to     
ensure t ! ag5cy effectively c>ries out 
regulatory re=ms1 consi/5t ) applicable 
law4 ,^! initiatives & policies include 
! foll[+3  7#a7 ,executive ,ord] #acgga 
7#hb ,f$4 ,reg4 #icci2 relat+ to r$uc+  
regulation & controll+ regulatory co/s71
 reg>d+ (fsett+ ! numb] & co/ ( new     
regulations4  7#b7 ,executive ,ord]     
#abhff 7#e ,u4,s4,c4 #fja note2 relat+  
to regulatory plann+ & review71 reg>d+  
regulatory plann+ & review4  7#c7       
,executive ,ord] #acefc 7#e ,u4,s4,c4   
#fja note2 relat+ to improv+ regulation 
& regulatory review71 reg>d+            
retrospective review4  7#d7 ,!          
t]m9ation1 consi/5t ) applicable law1 ( 
programs & activities t d]ive f or      
implem5t ,executive ord]s1 guidance     
docum5ts1 policy memor&a1 rule          

int]pretations1 & simil> docum5ts1 or   
relevant portions !re(1 t h be5 repeal$ 
or resc9d$4  7b7 ,consultation requir$  
,ea* ag5cy ,,rro %all p]iodically report
 to ! head ( ! ag5cy & regul>ly consult 
) ag5cy lead]%ip4  #d4 ,regulatory re=m 
task =ces  7a7 ,9 g5]al ,! head ( ea*   
ag5cy %all e/abli% a ,regulatory ,re=m  
,task ,=ce compos$ ( ! foll[+3 7#a7 ,!  
ag5cy ,,rro4  7#b7 ,! ag5cy ,regulatory 
,policy ,(fic] designat$ "u section     
#f7;a77#b7 ( ,executive ,ord] #abhff4   
7#c7 ,a repres5tative f ! ag5cy's c5tral
 policy (fice or equival5t c5tral (fice4
  7#d7 ,= ea* ag5cy li/$ 9 section      
#ija7;b77#a7 ( title #ca1 ,unit$ ,/ates 
,code1 at lea/ ?ree additional s5ior    
ag5cy (ficials involv$ 9 ! developm5t ( 
rulemak+ at ! ag5cy z det]m9$ by ! head 
( ! ag5cy4  7b7 ,*air ,unless o!rwise   
designat$ by ! head ( ! ag5cy1 ! ag5cy  
,,rro %all *air ! ,regulatory ,re=m     
,task ,=ce ( ! ag5cy4  7c7 ,jo9t task   
=ces ,ea* ,f$]al regulatory entity /aff$
 by (ficials ( multiple ag5cies1 su* z !

 ,*ief ,acquisition ,(fic]s ,c\ncil1    
%all =m a jo9t regulatory re=m task =ce 
compos$ ( at lea/ "o (ficial describ$ 9 
subsection 7a7 f ea* con/itu5t ag5cy's  
,regulatory ,re=m ,task ,=ce4 ,jo9t     
regulatory re=m task =ces %all implem5t 
?is ,act 9 coord9ation ) ! regulatory   
re=m task =ces ( _! memb]s' respective  
ag5cies4  7d7 ,tasks ,ea* ,regulatory   
,re=m ,task ,=ce %all evaluate exi/+    
regulations & make recomm5dations to !  
head ( ! ag5cy reg>d+ repeal1           
replacem5t1 or am5dm5t1 consi/5t )      
applicable law4 ,! task =ce %all        
complete a review ( ea* regulation issu$
 by ! ag5cy n lat] ?an #e ye>s aft] !   
e/abli%m5t ( ! task =ce4 ,= ea*         
regulation review$1 ! task =ce %all     
e/imate ! co/ sav+s t w\ld be a*iev$ if 
! ag5cy foll[$ ! recomm5dation f ! task 
=ce4 ,ea* regulatory re=m task =ce %all 
id5tify regulations t--  7#a7 elim9ate  
jobs or inhibit job creation2  7#b7 are 
outdat$1 unnecess>y1 or ineffective2    
7#c7 impose co/s t exce$ b5efits2  7#d7 

create a s]i\s inconsi/5cy or o!rwise   
int]f]e ) regulatory re=m initiatives & 
policies2  7#e7 are inconsi/5t ) !      
requirem5ts ( section #eae ( ! ,treasury
 & ,g5]al ,gov]nm5t ,appropriations     
,act1 #bjja 7,public ,law #ajf-eed2 #dd 
,u4,s4,c4 #ceaf note71 or ! guidance    
issu$ pursuant to t section1 includ+ any
 rule t relies 9 :ole or 9 "p on data1  
in=mation1 or me?ods t are n publicly   
available or t are insuffici5tly        
transp>5t to meet ! /&>d =              
reproducibility2 or  7#f7 7 made        
pursuant to or to implem5t ,executive   
ord]s or o!r ,presid5tial directives t h
 be5 subsequ5tly resc9d$ or sub/antially
 modifi$4  7e7 ,consultation )          
/akehold]s ,9 p]=m+ ! evaluation        
describ$ 9 subsection 7d71 ea*          
,regulatory ,re=m ,task ,=ce %all seek  
input & o!r assi/ance1 f entities       
significantly affect$ by ,f$]al         
regulations1 includ+ ,/ate1 local1 &    
,tribal gov]nm5ts1 small bus9esses1     
consum]s1 non-gov]nm5tal organizations1 

& trade associations4 ,9 ! discretion ( 
! task =ce1 ! task =ce may incorporate  
specific sugge/ions f /akehold]s 9 ! li/
 ( rules to be repeal$4  7f7 ,report ,n 
lat] ?an #ij days aft] ! date ( !       
enactm5t ( ?is ,act1 & n lat] ?an ,april
 #a ( ea* ye> !reaft]1 ea* ,regulatory  
,re=m ,rask ,=ce %all submit to ! head (
 ! ag5cy a report 7:i* %all be po/$ by  
su* head on a publicly accessible       
website7 on ! foll[+3  7#a7 ,a          
description ( any improvem5t made t[>d  
implem5tation ( regulatory re=m         
initiatives & policies describ$ "u      
section #c7;a74  7#b7 ,= ea* regulation 
review$ by ! task =ce1 a detail$        
description ( ! review4  7#c7 ,an       
inv5tory ( ea* regulation ! task =ce    
recomm5ds ! ag5cy consid] = repeal1     
replacem5t1 or modifications4  #e4      
,acc\ntability  7a7 ,incorporation 9    
p]=mance plans  7#a7 ,9 g5]al ,ea* ag5cy
 li/$ 9 section #ija7;b77#a7 ( title    
#ca1 ,unit$ ,/ates ,code1 %all          
incorporate 9 ! annual p]=mance plan ( !

 ag5cy 7requir$ "u section #aaae7;b7 (  
title #ca1 ,unit$ ,/ates ,code7 p]=mance
 indicators t measure progress implem5t+
 ?is ,act4  7#b7 ,,omb ,guidance ,n lat]
 ?an #fj days aft] ! date ( ! enactm5t (
 ?is ,act1 ! ,director ( ! ,(fice (     
,managem5t & ,budget %all issue guidance
 reg>d+ ! implem5tation ( ?is           
subsection4  7b7 ,p]=mance assessm5t ,! 
head ( ea* ag5cy %all consid] ! progress
 implem5t+ ?is ,act 9 assess+ ! p]=mance
 ( ! ,regulatory ,re=m ,task ,=ce ( !   
ag5cy & ^? individuals responsible =    
develop+ & issu+ ag5cy rules4  #f4      
,regulatory cap  7a7 ,id5tification (   
rules ,dur+ fiscal ye> #bjah1 be=e an   
ag5cy may publi% a notice ( propos$     
rulemak+ "u section #eec7;b7 ( title #e1
 ,unit$ ,/ates ,code1 = a significant   
regulatory action or o!rwise publicly   
propose promulgat+ a significant        
regulatory action1 ! head ( ! ag5cy1 9  
consultation ) ! ,regulatory ,re=m ,task
 ,=ce ( ! ag5cy1 %all id5tify n less ?an
 #b regulatory actions issu$ by ! ag5cy 

t are appropriate = repeal4 ,9 id5tify+ 
regulatory actions = repeal1 ! head (   
ea* ag5cy %all prioritize ^? regulatory 
actions t ! ,regulatory ,re=m ,task ,=ce
 ( ! ag5cy id5tifi$ "u section          
7#d77;d77#b74 ,= ea* regulatory action  
id5tifi$1 ! head ( ! ag5cy mu/ confirm t
 ! ag5cy c cont9ue to a*ieve regulatory 
objectives 7su* z heal? or environm5tal 
protection7 if ! id5tifi$ regulatory    
actions 7 to be repeal$4  7b7 ,total    
increm5tal co/ = #bjah ,= fiscal ye>    
#bjah1 ! total increm5tal co/ ( all new 
significant regulatory actions at ea*   
ag5cy & any repeal$ regulatory action1  
to be f9aliz$ 9 fiscal ye> #bjah %all be
 no great] ?an z]o1 or consi/5t ) a     
waiv] provid$ by ! ,director ( ! ,(fice 
( ,managem5t & ,budget4  7c7 ,(fset (   
new increm5tal co/s ,any new increm5tal 
co/ associat$ ) a new significant       
regulatory action %all be (fset by !    
elim9ation ( exi/+ co/s associat$ ) at  
lea/ two prior regulatory actions4 ,to !
 ext5t feasible1 ! two prior regulatory 

actions %all be elim9at$ be=e or on !   
same s*$ule z ! new significant         
regulatory action4 ,any sav+s ( ! two   
elim9at$ regulatory actions %all (fset !
 co/s ( ! new significant regulatory    
action4  7d7 ,guidance by ,,omb  7#a7 ,9
 g5]al ,n lat] ?an #ij days aft] ! date 
( ! enactm5t ( ?is ,act1 ! ,director    
%all e/abli% & issue guidance on h[ to  
comply ) ! requirem5ts ( ?is section4   
,su* guidance %all include ! foll[+3    
7,a7 ,a process = /&>diz+ ! measurem5t &
 e/imation ( regulatory co/s4  7,b7     
,/&>ds = det]m9+ :at qualifies z new &  
(fsett+ regulatory actions4  7,c7 ,/&>ds
 = det]m9+ ! co/s ( exi/+ regulatory    
actions t are consid]$ = elim9ation4    
7,d7 ,a process = acc\nt+ = co/s 9      
diff]5t fiscal ye>s4  7,e7 ,me?ods to   
ov]see ! issuance ( significant         
regulatory actions ) co/s (fset by sav+s
 at diff]5t times or diff]5t ag5cies4   
7,f7 ,em]g5cies & o!r circum/ances t    
might ju/ify individual waiv]s ( !      
requirem5ts ( ?is section4  7#b7 ,update

 to guidance ,! ,director %all update ! 
guidance issu$ pursuant to ?is section z
 necess>y4  #g4 ,annual regulatory co/  
submission to ! ,(fice ( ,managem5t &   
,budget  7a7 ,annual regulatory plan ,! 
head ( ea* ag5cy %all submit an annual  
regulatory plan to ! ,director1 :i* %all
 include a li/ ( ! foll[+3  7#a7 ,ea*   
new regulation to be f9aliz$ or propos$ 
by ! ag5cy dur+ t fiscal ye>4  7#b7 ,!  
increm5tal co/ associat$ ) ea*          
regulation to be propos$ or f9aliz$ by !
 ag5cy dur+ t fiscal ye>4  7#c7 ,= ea*  
significant regulatory action to be     
propos$ or f9aliz$ by ! ag5cy dur+ t    
fiscal ye>--  7,a7 any regulatory action
 id5tifi$ = repeal to (fset ! increm5tal
 co/ ( su* significant regulatory action
 pursuant to section #d7;c72  7,b7 !    
ag5cy's be/ approximation ( ! total co/ 
or sav+s associat$ ) new significant    
regulatory action & regulatory actions  
recomm5d$ = repeal "u section #d2 &     
7,c7 any e/imate ( ! economic effects ( 
! significant regulatory action1 includ+

 any e/imate ( ! net effect t su* action
 w h on ! numb] ( jobs 9 ! ,unit$       
,/ates1 t 0 consid]$ 9 draft+ ! action1 
or1 if su* e/imate is n available1 a    
/atem5t affirm+ t no in=mation on !     
economic effects1 includ+ ! effect on ! 
numb] ( jobs1 ( ! action has be5        
consid]$4  7b7 ,regulations approv$ by !
 ,director ,ea* regulation approv$ by ! 
,director dur+ ! ,presid5tial budget    
process %all be includ$ 9 ! ,unifi$     
,regulatory ,ag5da requir$ "u ,executive
 ,ord] #abhff1 any successor !reto1 or  
o!r simil> ord] or directive4  7c7 ,no  
,significant ,regulatory ,action ,to ,be
 ,made ,unless ,includ$ 9 ,unifi$       
,regulatory ,ag5da ,unless o!rwise      
requir$ by law1 a significant regulatory
 action may n be issu$ by an ag5cy if x 
0 n includ$ on ! mo/ rec5t v]sion or    
update ( ! publi%$ ,unifi$ ,regulatory  
,ag5da z requir$ "u ,executive ,ord]    
#abhff1 any successor !reto1 or o!r     
simil> ord] or directive1 unless !      
issuance ( su* significant regulatory   

action 0 approv$ 9 advance 9 writ+ by ! 
,director4 ,! ,director's writt5        
approval %all be made publicly available
 onl9e4  7d7 ,increm5tal co/ all[ance   
,dur+ ! ,presid5tial budget process1 !  
,director %all set a net am\nt (        
increm5tal co/s all[$ = ea* ag5cy 9     
issu+ new significant regulatory actions
 & repeal+ regulatory actions = ! next  
fiscal ye>4 ,if ! ,director does n set a
 net am\nt ( increm5tal co/s all[$ = an 
ag5cy1 ! net increm5tal co/ all[$ %all  
be z]o4 ,no significant regulatory      
actions exce$+ ! ag5cy's total          
increm5tal co/ all[ance may be made 9 t 
fiscal ye>1 unless requir$ by law or    
approv$ 9 writ+ by ! ,director4 ,if an  
ag5cy does n exhau/ all ! increm5tal co/
 all[ance = a fiscal ye>1 t rema9+      
balance may be includ$ 9 ! increm5tal   
all[ance = ! subsequ5t fiscal ye>1 9    
addition to ! all[ance o!rwise available
 = ! subsequ5t fiscal ye>4 ,an ag5cy's  
net increm5tal co/ all[ance may--  7#a7 
require an increase1 decrease1 or no    

*ange to ! total regulatory co/s2  7#b7 
include any exi/+ regulatory action t   
imposes co/s & ! repeal or revision (   
:i* w produce v]ifi$ sav+s2 &  7#c7     
include mean+ful burd5 r$uction ?r\gh ! 
repeal or /reaml9+ ( m&atory report+1   
recordkeep+1 or disclosure requirem5ts4 
7e7 ,guidance ,n lat] ?an #ij days aft] 
! date ( ! enactm5t ( ?is ,act1 !       
,director %all provide ! heads ( ea*    
ag5cy ) additional guidance on !        
implem5tation ( ! requirem5ts 9 ?is     
section1 includ+ a reasonable /&>d or   
me?odology = e/imat+ ! r$uction 9       
increm5tal co/ a*iev$ by repeal+ a      
regulatory action4  #h4 ,waiv] ,^u !    
reque/ ( an ag5cy head1 ! ,director ( ! 
,(fice ( ,managem5t & ,budget may waive 
! requirem5ts ( section #c or #d1 or    
bo?1 if ! ,director det]m9es t ! ag5cy  
g5]ally issues v few or no rules4 ,!    
,director may revoke su* a waiv] at any 
"t4 ,! ,director %all ma9ta9 a publicly 
available li/ ( ea* ag5cy t is op]at+ "u
 a waiv] issu$ "u ?is section4 ,a waiv] 

is n 9 effect unless x is available on !
 publicly available li/4  #i4           
,def9itions ,9 ?is ,act3 7#a7 ,ag5cy ,! 
t]m ag5cy has ! mean+ giv5 t t]m 9      
section #eea ( title #e1 ,unit$ ,/ates  
,code4  7#b7 ,co/s ,! t]m co/s means    
opportunity co/ to society4  7#c7       
,director ,! t]m ,director means !      
,director ( ! ,(fice ( ,managem5t &     
,budget4  7#d7 ,increm5tal co/ ,! t]m   
increm5tal co/ means1 9 ! case ( a rule1
 ! diff]5ce betwe5 ! direct increm5tal  
economic b5efit to bus9ess & ! direct   
increm5tal economic co/ to bus9ess4     
7#e7 ,regulation2 rule ,! t]m regulation
 or rule has ! mean+ giv5 ! t]m rule 9  
section #eea ( title #e1 ,unit$ ,/ates  
,code4  7#f7 ,regulatory action2        
significant regulatory action ,! t]ms   
regulatory action & significant         
regulatory action h ! mean+ giv5 ^? t]ms
 9 ,executive ,ord] #abhff4