,i  #aag? ,,congress  #a/ ,session  ,h4 
,r4 #aibj  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,m>* #af1 #bjba,mr4   
,graves ( ,l\isiana 7= himself & ,mr4   
,cuell>7 introduc$ ! foll[+ bill2 :i* 0 
ref]r$ to ! ,committee on ! ,judici>y   
,a ,,bill  ,to provide = ,f$]al ag5cy   
acc\ntability & improve ! effectiv5ess (
 major rules 9 accompli%+ _! regulatory 
objectives by requir+ retrospective     
review & report1 & = o!r purposes4  #a4 
,%ort title ,?is ,act may be cit$ z !   
,provid+ ,retrospective ,obs]vations    
,validat+ ,economics & ,increas+        
,transp>5cy ,act ( #bjba or z ! ,,prove 
,,x ,act ( #bjba4  #b4 ,incorporat+     
retrospective review = 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 f9al major rule 9 ! ,f$]al   
,regi/]1 ! ag5cy %all publi% a report on
 ! b5efits & co/s ( ! f9al rule on      
entities ^: conduct is regulat$ by !    

rule 9 ! ,f$]al ,regi/] biannually      
!reaft] :ile ! rule rema9s 9 effect4 ,! 
report %all-- 7,a7 assess ! impacts1    
includ+ any co/s1 ( ! major rule on     
regulat$ entities2  7,b7 include a      
det]m9ation ab\t h[ ! actual b5efits &  
co/s ( ! major rule has v>i$ f ^?       
anticipat$ at ! "t ! major rule 0 issu$2
  7,c7 assess ! effectiv5ess & b5efits (
 ! major rule 9 produc+ ! regulatory    
objectives ( ! major rule2 &  7,d7 be   
review$ by ! ,adm9i/rator :5 requir$ "u 
,executive ord]4  7#b7 ,report to       
,congress ,! ag5cy %all provide a report
 to ,congress n lat] ?an #ij days aft] !
 ag5cy makes any det]m9ation "u p>agraph
 7#a77;,c7 t ! co/ to regulat$ entities 
has exce$$ ! anticipat$ co/ at ! "t !   
f9al rule 0 issu$4 ,ag5cies %all assess 
9 _! report-- 7,a7 :e!r ! major rule is 
accompli%+ its regulatory objective2 &  
7,b7 :e!r ! major rule has be5 r5d]$    
unnecess>y1 tak+ into consid]ation-- 7i7
 *anges 9 ! subject area affect$ by !   
major rule2  7ii7 :e!r ! major rule     

ov]laps1 duplicates1 or conflicts ) o!r 
rules or1 to ! ext5t feasible1 ,/ate &  
local gov]nm5t regulations2 &  7iii7 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$4   
7#c7 ,reop5+ ( public docket ,^u deliv]y
 ( ! report requir$ 9 p>agraph 7#b7 !   
ag5cy %all-- 7,a7 reop5 ! public docket 
= #fj days to receive additional        
comm5ts2 &  7,b7 consid] modifications  
or alt]natives t r$uce co/s & increase  
b5efits to regulat$ entities or         
individuals4  7#d7 ,rule ( con/ruction  
,no?+ 9 ?is subsection may be con/ru$ to
 affect any o!r provision ( law t       
requires an ag5cy to conduct            
retrospective reviews ( rules issu$ by !
 ag5cy4  4