,i #aafth ,,congress #b;d ,session ,h4 ,r4 #hghh ,,in ,,the ,,house ,,of ,,representatives ,november #ai1 #bjbj,mr4 ,loudermilk 7for himself1 ,mr4 ,allen1 and ,mr4 ,flores7 introduced the following bill2 which was referred to the ,committee on the ,judiciary ,a ,,bill ,to amend title #e1 ,united ,states ,code1 to exempt deregulatory rule from congressional review requirements1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,terminating ,heavy ,regulations to ,invigorate a ,vibrant ,economy ,act or the ,,thrive ,act4 #b4 ,congressional ,review ,act deregulatory rule exemption 7a7 ,in general ,chapter #h of title #e1 ,united ,states ,code 7commonly known as the ,congressional ,review ,act71 is amended-- 7#a7 in section #hjd1 by adding at the end the following3 7#d7 ,deregulatory action ,the term deregulatory rule-- 7,a7 means a rule that has been finalized by the promulgating agency and has total costs less than zero2 7,b7 includes a rule that-- 7i7 repeals or revises an existing rule2 and 7ii7 is cost saving as determined by the promulgating agency for purposes of the total incremental cost allowance2 and 7,c7 includes a rule promulgated pursuant to an informal1 formal1 or negotiated rulemaking4 7#e7 ,total incremental allowance ,the term total incremental allowance means the total amount of incremental costs that may be allowed for each agency in issuing new regulations and repealing regulations for the next fiscal year4 2 and 7#b7 by inserting after section #hjg the following3 #hjg;,a4 ,deregulatory rule exemption ,nothing in this chapter shall apply to any deregulatory rule4 4 7b7 ,clerical amendment ,the table of sections for chapter #h of title #e1 ,united ,states ,code1 is amended by inserting after the item relating to section #hjg the following3 #hjg;,a4 ,deregulatory rule exemption4 4 #c4 ,definition of rule ,section #eea7d7 of title #e1 ,united ,states ,code1 is amended-- 7#a7 by striking means and inserting the following3 -- 7,a7 means 2 7#b7 by striking foregoing2 and inserting foregoing2 and2 and 7#c7 by adding at the end the following3 7,b7 includes guidance documents2 4