,,ii #aah? ,,congress #b;d ,session ,s4 #diai ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,july #ca1 #bjbd,mr4 ,lee introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,homel& ,security & ,gov]nm5tal ,affairs ,a ,,bill ,to e/abli% a regulatory s&box program "u :i* ag5cies may provide waiv]s ( ag5cy rules & guidance1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,promot+ ,innovation & ,(f]+ ! ,ne$$ ,escape f ,exhau/ive ,regulations ,act or ! ,,pione] ,act4 #b4 ,def9itions ,9 ?is ,act3 7#a7 ,adm9i/rator ,! t]m ,adm9i/rator means ! ,adm9i/rator ( ! ,(fice ( ,in=mation & ,regulatory ,affairs4 7#b7 ,ag5cy2 rule ,! t]ms ag5cy & rule h ! mean+s giv5 ^? t]ms 9 section #eea ( title #e1 ,unit$ ,/ates ,code4 7#c7 ,applicable ag5cy ,! t]m applicable ag5cy means an ag5cy t has jurisdiction ov] ! en=cem5t or implem5tation cov]$ provision = :i* an applicant is seek+ a waiv] "u ! ,program4 7#d7 ,cov]$ provision ,! t]m cov]$ provision means-- 7,a7 a rule1 includ+ a rule requir$ to be issu$ "u law2 or 7,b7 guidance or any o!r docum5t issu$ by an ag5cy4 7#e7 ,director ,! t]m ,director means ! ,director ( ! ,(fice4 7#f7 ,economic damage ,! t]m economic damage means a risk t is likely to cause tangible1 physical h>m to ! prop]ty or assets ( consum]s4 7#g7 ,heal? or safety ,! t]m heal? or safety1 ) respect to a risk1 means ! risk is likely to cause bodily h>m to a human life1 loss ( human life1 or an inability to su/a9 ! heal? or life ( a human be+4 7#h7 ,(fice ,! t]m ,(fice means ! ,(fice ( ,f$]al ,regulatory ,relief e/abli%$ "u section #c7;a74 7#i7 ,program ,! t]m ,program means ! program e/abli%$ "u section #d7;a74 7#aj7 ,unfair or deceptive trade practice ,! t]m unfair or deceptive trade practice has ! mean+ giv5 ! t]m 9-- 7,a7 ! ,policy ,/atem5t ( ! ,f$]al ,trade ,commission on ,deception1 issu$ on ,octob] #ad1 #aihc2 & 7,b7 ! ,policy ,/atem5t ( ! ,f$]al ,trade ,commission on ,unfairness1 issu$ on ,decemb] #ag1 #aihj4 #c4 ,(fice ( ,f$]al ,regulatory ,relief 7a7 ,e/abli%m5t ,!re is e/abli%$ )9 ! ,(fice ( ,in=mation & ,regulatory ,affairs )9 ! ,(fice ( ,managem5t & ,budget an ,(fice ( ,f$]al ,regulatory ,relief4 7b7 ,director 7#a7 ,9 g5]al ,! ,(fice %all be head$ by a ,director1 :o %all be ! ,adm9i/rator or a designee !re(1 :o %all-- 7,a7 be responsible =-- 7i7 e/abli%+ a regulatory s&box program describ$ 9 section #d2 7ii7 receiv+ ,program applications & ensur+ ^? applications are complete2 7iii7 ref]r+ complete ,program applications to ! applicable ag5cies2 7iv7 fil+ f9al ,program application decisions f ! applicable ag5cies2 7v7 he>+ appeals f applicants if _! applications are d5i$ by an applicable ag5cy 9 accordance ) section #d7;c77#f72 & 7vi7 designat+ /aff to ! ,(fice z ne$$2 & 7,b7 n lat] ?an #ahj days aft] ! date ( enactm5t ( ?is ,act-- 7i7 e/abli% a process t is us$ to assess likely heal? & safety risks1 risks t are likely to cause economic damage1 & ! likelihood = unfair or deceptive practices to be committ$ aga9/ consum]s relat$ to applications submitt$ = ! ,program1 :i* %all be-- 7,i7 publi%$ 9 ! ,f$]al ,regi/] & made publicly available ) a detail$ li/ ( ! crit]ia us$ to make su* det]m9ations2 & 7,,ii7 subject to public comm5t be=e f9al publication 9 ! ,f$]al ,regi/]2 & 7ii7 e/abli% ! application process describ$ 9 section #d7;c77#a74 7#b7 ,advisory bo>ds 7,a7 ,e/abli%m5t ,! ,director %all require ! head ( ea* ag5cy to e/abli% an advisory bo>d1 :i* %all-- 7i7 be compos$ ( #aj private sector repres5tatives appo9t$ by ! head ( ! ag5cy-- 7,i7 ) exp]tise 9 matt]s "u ! jurisdiction ( ! ag5cy1 ) n m ?an #e repres5tatives f ! same political p>ty2 7,,ii7 :o %all s]ve = a p]iod ( n m ?an #c ye>s2 & 7,,iii7 :o %all n receive any comp5sation = p>ticipation on ! advisory bo>d2 & 7ii7 be responsible = provid+ input to ! head ( ! ag5cy = ea* ,program application receiv$ by ! ag5cy4 7,b7 ,vacancy ,a vacancy on an advisory bo>d e/abli%$ "u subp>agraph 7,a71 includ+ a tempor>y vacancy due to a recusal "u subp>agraph 7,c77ii71 %all be fill$ 9 ! same mann] z ! orig9al appo9tm5t ) an individual :o meets ! qualifications describ$ 9 subp>agraph 7,a77i77,i74 7,c7 ,conflict ( int]e/ 7i7 ,9 g5]al ,if a memb] ( an advisory bo>d e/abli%$ "u subp>agraph 7,a7 is also ! memb] ( ! bo>d ( an applicant t submits an application "u review by ! advisory bo>d1 ! head ( ! ag5cy or a designee !re( may appo9t a tempor>y replacem5t = t memb]4 7ii7 ,f9ancial int]e/ ,ea* memb] ( an advisory bo>d e/abli%$ "u subp>agraph 7,a7 %all recuse !mselves f advis+ on an application submitt$ "u ! ,program = :i* ! memb] has a conflict ( int]e/ z describ$ 9 section #bjh ( title #ah1 ,unit$ ,/ates ,code4 7,d7 ,small bus9ess conc]ns ,n less ?an #e ( ! memb]s ( ea* advisory bo>d e/abli%$ "u subp>agraph 7,a7 %all be repres5tatives ( a small bus9ess conc]n1 z def9$ 9 section #c ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcb74 7,e7 ,rule ( con/ruction ,no?+ 9 ?is ,act %all be con/ru$ to prev5t an ag5cy f e/abli%+ additional advisory bo>ds z ne$$ to assi/ 9 review+ ,program applications t involve multiple or unique indu/ries4 #d4 ,regulatory s&box program 7a7 ,9 g5]al ,! ,director %all e/abli% a regulatory s&box program "u :i* applicable ag5cies %all grant or d5y waiv]s ( cov]$ provisions to tempor>ily te/ products or s]vices on a limit$ basis1 or und]take a project to exp& or gr[ bus9ess facilities consi/5t ) ! purpose describ$ 9 subsection 7b71 )\t o!rwise be+ lic5s$ or au?oriz$ to d s "u t cov]$ provision4 7b7 ,purpose ,! purpose ( ! ,program is to inc5tivize ! success ( curr5t or new bus9esses1 ! expansion ( economic opportunities1 ! creation ( jobs1 & ! fo/]+ ( innovation4 7c7 ,application process = waiv]s 7#a7 ,9 g5]al ,! ,(fice %all e/abli% an application process = ! waiv] ( cov]$ provisions1 :i* %all require t an application %all-- 7,a7 confirm t ! applicant-- 7i7 is subject to ! jurisdiction ( ! ,f$]al ,gov]nm5t2 & 7ii7 has e/abli%$ or plans to e/abli% a bus9ess t is incorporat$ or has a pr9cipal place ( bus9ess 9 ! ,unit$ ,/ates f :i* _! goods or s]vices are (f]$ f & _! requir$ docum5ts & data are ma9ta9$2 7,b7 include relevant p]sonal in=mation su* z ! legal "n1 address1 telephone numb]1 email address1 & website address ( ! applicant2 7,c7 disclose any crim9al conviction ( ! applicant or o!r p>ticipat+ p]sons1 if applicable2 7,d7 conta9 a description ( ! good1 s]vice1 or project to be (f]$ by ! applicant = :i* ! applicant is reque/+ waiv] ( a cov]$ provision by ! ,(fice "u ! ,program1 includ+-- 7i7 h[ ! applicant is subject to lic5s+1 prohibitions1 or o!r au?orization requirem5ts outside ( ! ,program2 7ii7 ea* cov]$ provision t ! applicant seeks to h waiv$ dur+ p>ticipation 9 ! ,program2 7iii7 h[ ! good1 s]vice1 or project w\ld b5efit consum]s2 7iv7 :at likely risks ! p>ticipation ( ! applicant 9 ! ,program may pose1 & h[ ! applicant int5ds to reasonably mitigate ^? risks2 7v7 h[ p>ticipation 9 ! ,program w\ld r5d] ! (f]+ ( ! good1 s]vice1 or project successful2 7vi7 a description ( ! plan & e/imat$ "t p]iods = ! beg9n+ & end ( ! (f]+ ( ! good1 s]vice1 or project "u ! ,program2 7vii7 a recognition t ! applicant w be subject to all laws & rules aft] ! conclusion ( ! (f]+ ( ! good1 s]vice1 or project "u ! ,program2 7viii7 h[ ! applicant w end ! demon/ration ( ! (f]+ ( ! good1 s]vice1 or project "u ! ,program2 7ix7 h[ ! applicant w repair h>m to consum]s if ! (f]+ ( ! good1 s]vice1 or project "u ! ,program fails2 & 7x7 a li/ ( ea* ag5cy t regulates ! bus9ess ( ! applicant2 & 7,e7 include any o!r in=mation z requir$ by ! ,(fice4 7#b7 ,assi/ance ,! ,(fice may1 ^u reque/1 provide assi/ance to an applicant to complete ! application process = a waiv] "u ! ,program1 includ+ by provid+ ! likely cov]$ provisions t c\ld be eligible = su* a waiv]4 7#c7 ,ag5cy review 7,a7 ,transmission ,n lat] ?an #ad days aft] ! date on :i* ! ,(fice receives an application "u p>agraph 7#a71 ! ,(fice %all submit a copy ( ! application to ea* applicable ag5cy4 7,b7 ,review ,! head ( an applicable ag5cy1 or a designee !re(1 %all review a ,program application receiv$ "u subp>agraph 7,a7 ) input f ! advisory bo>d e/abli%$ "u section #c7;b77#b74 7,c7 ,consid]ations ,9 review+ a copy ( an application submitt$ to an applicable ag5cy "u subp>agraph 7,a71 ! head ( ! applicable ag5cy1 or a designee !re(1 ) input f ! advisory bo>d ( ! applicable ag5cy e/abli%$ "u section #c7;b77#b71 %all consid] :e!r-- 7i7 ! plan ( ! applicant to deploy _! (f]+ w adequately protect consum]s f h>m2 7ii7 ! likely heal? & safety risks1 risks t are likely to cause economic damage1 & ! likelihood = unfair or deceptive practices to be committ$ aga9/ consum]s are outweigh$ by ! pot5tial b5efits to consum]s f ! (f]+ ( ! applicant2 & 7iii7 x is possible to provide ! applicant a waiv] ev5 if ! ,(fice does n waive e cov]$ provision reque/$ by ! applicant4 7,d7 ,f9al decision 7i7 ,9 g5]al ,subject to clause 7ii71 ! head ( an applicable ag5cy1 or a designee !re(1 :o receives a copy ( an application "u subp>agraph 7,a7 %all1 ) ! consid]ation ( ! recomm5dations ( ! advisory bo>d ( ! applicable ag5cy e/abli%$ "u section #c7;b77#b71 make ! f9al decision to grant or d5y ! application4 7ii7 ,9 "p approval 7,i7 ,9 g5]al ,if m ?an #a applicable ag5cy receives a copy ( an application "u subp>agraph 7,a7-- 7aa7 ! head ( ea* applicable ag5cy 7or _! designees71 ) input f ! advisory bo>d ( ! applicable ag5cy e/abli%$ "u section #c7;b77#b71 %all grant or d5y ! waiv] ( ! cov]$ provisions ov] :i* ! applicable ag5cy has jurisdiction = en=cem5t or implem5tation2 & 7bb7 if ea* applicable ag5cy t receives an application "u subp>agraph 7,a7 grants ! waiv] "u item 7aa71 ! ,director %all grant ! entire application4 7,,ii7 ,9 "p approval by ,director ,if an applicable ag5cy d5ies "p ( an application "u subclause 7,i7 b ano!r applicable ag5cy grants "p ( ! application1 ! ,director %all approve ! application 9 "p & specify 9 ! f9al decision :i* cov]$ provisions are waiv$4 7,e7 ,record ( decision 7i7 ,9 g5]al ,n lat] ?an #ahj days aft] receiv+ a copy ( an application "u subp>agraph 7,a71 an applicable ag5cy %all approve or d5y ! application & submit to ! ,director a record ( ! decision1 :i* %all include a description ( ea* likely heal? & safety risk1 ea* risk t is likely to cause economic damage1 & ! likelihood = unfair or deceptive practices to be committ$ aga9/ consum]s t ! cov]$ provision ! applicant is seek+ to h waiv$ protects aga9/1 &-- 7,i7 if ! application is approv$1 a description ( h[ ! id5tifiable1 significant h>ms w be mitigat$ & h[ consum]s w be protect$ "u ! waiv]2 7,,ii7 if ! applicable ag5cy d5ies ! waiv]1 a description ( ! reasons = ! decision1 includ+ :y a waiv] w\ld likely cause heal? & safety risks1 likely cause economic damage1 & increase ! likelihood = unfair or deceptive practices to be committ$ aga9/ consum]s1 & ! likelihood ( su* risks occurr+1 z well z reasons :y ! application _c be approv$ 9 "p or re=m$ to mitigate su* risks2 & 7,,iii7 if ! applicable ag5cy det]m9es t a waiv] w\ld likely cause heal? & safety risks1 likely cause economic damage1 & !re is likelihood = unfair or deceptive practices to be committ$ aga9/ consum]s z a result ( ! cov]$ provision t an applicant is reque/+ to h waiv$1 b ! applicable ag5cy det]m9es su* risks c be protect$ ?r\gh less re/rictive means ?an d5y+ ! application1 ! applicable ag5cy %all provide a recomm5dation ( h[ t c be a*iev$4 7ii7 ,no record submitt$ ,if ! applicable ag5cy does n submit a record ( ! decision ) respect to an application = a waiv] submitt$ to ! applicable ag5cy1 ! ,(fice %all assume t ! applicable ag5cy does n object to ! grant+ ( ! waiv]4 7iii7 ,ext5sion ,! applicable ag5cy may reque/ "o #cj-;day ext5sion ( ! deadl9e = a record ( decision "u clause 7i74 7iv7 ,exp$it$ review ,if ! applicable ag5cy provides a recomm5dation describ$ 9 clause 7i77,,iii71 ! ,(fice %all provide ! applicant ) a #fj-;day p]iod to make necess>y *anges to ! application1 & ! applicant may resubmit ! application to ! applicable ag5cy = exp$it$ review ov] a p]iod ( n m ?an #fj days4 7#d7 ,nondiscrim9ation ,9 consid]+ an application = a waiv]1 an applicable ag5cy %all n unreasonably discrim9ate among applications "u ! ,program or resort to any unfair or unju/ discrim9ation = any reason4 7#e7 ,fee ,! ,(fice may collect an application fee f ea* applicant "u ! ,program1 :i*-- 7,a7 %all be 9 a fair am\nt & reflect ! co/ ( ! s]vice provid$2 7,b7 %all be deposit$ 9 ! g5]al fund ( ! ,treasury & allocat$ to ! ,(fice1 subject to appropriations2 & 7,c7 %all n be increas$ m frequ5tly ?an once e #b ye>s4 7#f7 ,writt5 agreem5t ,if ea* applicable ag5cy grants a waiv] reque/$ 9 an application submitt$ "u p>agraph 7#a71 ! waiv] %all n be effective until ! applicant ent]s into a writt5 agreem5t ) ! ,(fice t describes ea* cov]$ provision t is waiv$ "u ! ,program4 7#g7 ,limitation ,an applicable ag5cy may n waive "u ! ,program any tax1 fee1 or *>ge impos$ by ! ,f$]al ,gov]nm5t4 7#h7 ,appeals 7,a7 ,9 g5]al ,if an applicable ag5cy d5ies an application "u p>agraph 7#c77;,e71 ! applicant may submit to ! ,(fice "o appeal = reconsid]ation1 :i* %all-- 7i7 address ! comm5ts ( ! applicable ag5cy t result$ 9 d5ial ( ! application2 & 7ii7 include h[ ! applicant plans to mitigate ! likely risks id5tifi$ by ! applicable ag5cy4 7,b7 ,(fice response ,n lat] ?an #fj days aft] receiv+ an appeal "u subp>agraph 7,a71 ! ,director %all-- 7i7 det]m9e :e!r ! appeal suffici5tly addresses ! conc]ns ( ! applicable ag5cy2 & 7ii7 7,i7 if ! ,director det]m9es t ! appeal suffici5tly addresses ! conc]ns ( ! applicable ag5cy1 file a record ( decision detail+ h[ ! conc]ns h be5 rem$i$ & approve ! application2 or 7,,ii7 if ! ,director det]m9es t ! appeal does n suffici5tly address ! conc]ns ( ! applicable ag5cy1 file a record ( decision detail+ h[ ! conc]ns h n be5 rem$i$ & d5y ! application4 7#i7 ,nondiscrim9ation ,! ,(fice %all n unreasonably discrim9ate among applications "u ! ,program or resort to any unfair or unju/ discrim9ation = any reason 9 ! implem5tation ( ! ,program4 7#aj7 ,judicial review 7,a7 ,record ( decision ,a record ( decision describ$ 9 p>agraph 7#c77;,e7 or 7#h77;,b7 %all be consid]$ a f9al ag5cy action = purposes ( review "u section #gjd ( title #e1 ,unit$ ,/ates ,code4 7,b7 ,limitation ,a review+ c\rt consid]+ claims made aga9/ a f9al ag5cy action "u ?is ,act %all be limit$ to :e!r ! ag5cy act$ 9 accordance ) ! requirem5ts set =? "u ?is ,act4 7,c7 ,"r to judicial review ,no?+ 9 ?is p>agraph %all be con/ru$ to e/abli% a "r to judicial review "u ?is ,act4 7d7 ,p]iod ( waiv] 7#a7 ,initial p]iod ,except z provid$ 9 ?is subsection1 a waiv] grant$ "u ! ,program %all be = a t]m ( #b ye>s4 7#b7 ,cont9uance ,! ,(fice may cont9ue a waiv] grant$ "u ! ,program = a maximum ( #d additional p]iods ( #b ye>s z det]m9$ by ! ,(fice4 7#c7 ,notification ,n lat] ?an #cj days be=e ! end ( an initial waiv] p]iod "u p>agraph 7#a71 an entity t is grant$ a waiv] "u ! ,program %all notify ! ,(fice if ! entity int5ds to seek a cont9uance "u p>agraph 7#b74 7#d7 ,revocation 7,a7 ,significant h>m ,if ! ,(fice det]m9es t an entity t 0 grant$ a waiv] "u ! ,program is caus+ significant h>m to ! heal? or safety ( ! public1 inflict+ sev]e economic damage on ! public1 or engag+ 9 unfair or deceptive practices1 ! ,(fice may imm$iately end ! p>ticipation ( ! entity 9 ! ,program by revok+ ! waiv]4 7,b7 ,compliance ,if ! ,(fice det]m9es t an entity t 0 grant$ a waiv] "u ! ,program is n 9 compliance ) ! t]ms ( ! ,program1 ! ,(fice %all give ! entity #cj days to correct ! action1 & if ! entity does n correct ! action by ! end ( ! #cj-;day p]iod1 ! ,(fice may end ! p>ticipation ( ! entity 9 ! ,program by revok+ ! waiv]4 7e7 ,t]ms ,an entity = :i* a waiv] is grant$ "u ! ,program %all be subject to ! foll[+ t]ms3 7#a7 ,a cov]$ provision may n be waiv$ if ! waiv] w\ld prev5t a consum] f seek+ actual damages or an equitable rem$y 9 ! ev5t t a consum] is h>m$4 7#b7 ,:ile a waiv] is 9 use1 ! entity %all n be subject to ! crim9al or civil en=cem5t ( a cov]$ provision id5tifi$ 9 ! waiv]4 7#c7 ,an ag5cy may n file or pursue any punitive action aga9/ a p>ticipant dur+ ! p]iod = :i* ! waiv] is 9 effect1 includ+ a f9e or lic5se susp5sion or revocation = ! violation ( a cov]$ provision id5tifi$ 9 ! waiv]4 7#d7 ,! entity %all n h immunity relat$ to any crim9al (f5se committ$ dur+ ! p]iod = :i* ! waiv] is 9 effect4 7#e7 ,! ,f$]al ,gov]nm5t %all n be responsible = any bus9ess losses or ! rec\p+ ( application fees if ! waiv] is d5i$ or ! waiv] is revok$ at any "t4 7f7 ,consum] protection 7#a7 ,9 g5]al ,be=e di/ribut+ an (f]+ to consum]s "u a waiv] grant$ "u ! ,program1 & ?r\gh\t ! duration ( ! waiv]1 an entity %all publicly disclose ! foll[+ to consum]s3 7,a7 ,! "n & contact in=mation ( ! entity4 7,b7 ,t ! entity has be5 grant$ a waiv] "u ! ,program1 & if applicable1 t ! entity does n h a lic5se or o!r au?orization to provide an (f]+ "u cov]$ provisions outside ( ! waiv]4 7,c7 ,if applicable1 t ! (f]+ is und]go+ te/+ & may n function z int5d$ & may expose ! consum] to c]ta9 risks z id5tifi$ 9 ! record ( decision ( ! applicable ag5cy submitt$ "u section #d7;c77#c77;,e74 7,d7 ,t ! entity is n immune f civil liability = any losses or damages caus$ by ! (f]+4 7,e7 ,t ! entity is n immune f crim9al prosecution = violation ( cov]$ provisions t are n susp5d$ "u ! waiv]4 7,f7 ,t ! (f]+ is a tempor>y demon/ration & may be discont9u$ at ! end ( ! initial p]iod "u subsection 7d77#a74 7,g7 ,! expect$ comm5cem5t date ( ! initial p]iod "u subsection 7d77#a74 7,h7 ,! contact in=mation ( ! ,(fice & t ! consum] may contact ! ,(fice & file a compla9t4 7#b7 ,onl9e (f]+ ,) respect to an (f]+ provid$ ov] ! int]net "u ! ,program1 ! consum] %all ackn[l$ge receipt ( ! disclosures requir$ "u p>agraph 7#a7 be=e any transaction is complet$4 7g7 ,record keep+ 7#a7 ,9 g5]al ,an entity t is grant$ a waiv] "u ?is section %all reta9 records1 docum5ts1 & data produc$ t is directly relat$ to ! p>ticipation ( ! entity 9 ! ,program4 7#b7 ,notification be=e end+ (f]+ ,if an applicant decides to end _! (f]+ be=e ! initial p]iod ends "u subsection 7d77#a71 ! applicant %all submit to ! ,(fice & ! applicable ag5cy a report on actions tak5 to ensure consum]s h n be5 h>m$ z a result4 7#c7 ,reque/ = docum5ts ,! ,(fice may reque/ records1 docum5ts1 & data f an entity t is grant$ a waiv] "u ?is section t is directly relat$ to ! p>ticipation ( ! entity 9 ! ,program1 & ^u ! reque/1 ! applicant %all make su* records1 docum5ts1 & data available = inspection by ! ,(fice4 7#d7 ,notification ( incid5ts ,an entity t is grant$ a waiv] "u ?is section %all notify ! ,(fice & any applicable ag5cy ( any incid5t t results 9 h>m to ! heal? or safety ( consum]s1 sev]e economic damage1 or an unfair or deceptive practice "u ! ,program n lat] ?an #gb h\rs aft] ! incid5t occurs4 7h7 ,reports 7#a7 ,entities grant$ a waiv] 7,a7 ,9 g5]al ,any entity t is grant$ a waiv] "u ?is section %all submit to ! ,(fice reports t include-- 7i7 h[ _m consum]s are p>ticipat+ 9 ! good1 s]vice1 or project (f]$ by ! entity "u ! ,program2 7ii7 an assessm5t ( ! likely risks & h[ mitigation is tak+ place2 7iii7 any previ\sly unrealiz$ risks t h manife/$2 & 7iv7 a description ( any adv]se incid5ts & ! ensu+ process tak5 to repair any h>m done to consum]s4 7,b7 ,tim+ ,an entity %all submit a report requir$ "u subp>agraph 7,a7-- 7i7 #aj days aft] #cj days elapses f comm5cem5t ( ! p]iod = :i* a waiv] is grant$ "u ! ,program2 7ii7 #cj days aft] ! halfway m>k ( ! p]iod describ$ 9 clause 7i72 & 7iii7 #cj days be=e ! expiration ( ! p]iod describ$ 9 subsection 7d77#a74 7#b7 ,annual report by ,director ,! ,director %all submit to ,congress an annual report on ! ,program1 :i* %all include1 = ! ye> cov]$ by ! report-- 7,a7 ! numb] ( applications approv$2 7,b7 ! "n & description ( ea* entity t 0 grant$ a waiv] "u ! ,program2 7,c7 any b5efits realiz$ to ! public f ! ,program2 & 7,d7 any h>ms realiz$ to ! public f ! ,program4 7i7 ,special message to ,congress 7#a7 ,def9ition ,9 ?is subsection1 ! t]m cov]$ resolution means a jo9t resolution-- 7,a7 ! matt] aft] ! resolv+ clause ( :i* conta9s only-- 7i7 a li/ ( "s or all ( ! cov]$ provisions t 7 recomm5d$ = repeal "u p>agraph 7#b77;,a77ii7 9 a special message submitt$ to ,congress "u t p>agraph2 & 7ii7 a provision t imm$iately repeals ! li/$ cov]$ provisions describ$ 9 p>agraph 7#b77;,a77ii7 ^u enactm5t ( ! jo9t resolution2 & 7,b7 ^u :i* ,congress completes action be=e ! end ( ! fir/ p]iod ( #fj cal5d> days aft] ! date on :i* ! special message describ$ 9 subp>agraph 7,a77i7 ( ?is p>agraph is receiv$ by ,congress4 7#b7 ,submission 7,a7 ,9 g5]al ,n lat] ?an ! fir/ day on :i* bo? ,h\ses ( ,congress are 9 session aft] ,may #a ( ea* ye>1 ! ,director %all submit to ,congress a special message t-- 7i7 details ea* cov]$ provision t ! ,(fice recomm5ds %\ld be am5d$ or repeal$ z a result ( entities be+ able to op]ate safely )\t ^? cov]$ provisions dur+ ! ,program2 7ii7 li/s any cov]$ provision t %\ld be repeal$ z a result ( hav+ be5 waiv$ = a p]iod ( n less ?an #f ye>s dur+ ! ,program2 & 7iii7 expla9s :y ea* cov]$ provision describ$ 9 clauses 7i7 & 7ii7 %\ld be am5d$ or repeal$4 7,b7 ,deliv]y to ,h\se & ,s5ate2 pr9t+ ,ea* special message submitt$ "u subp>agraph 7,a7 %all be-- 7i7 deliv]$ to ! ,cl]k ( ! ,h\se ( ,repres5tatives & ! ,secret>y ( ! ,s5ate2 & 7ii7 pr9t$ 9 ! ,congressional ,record4 7#c7 ,proc$ure 9 ,h\se & ,s5ate 7,a7 ,ref]ral ,a cov]$ resolution %all be ref]r$ to ! appropriate committee ( ! ,h\se ( ,repres5tatives or ! ,s5ate1 z ! case may be4 7,b7 ,dis*>ge ( committee ,if ! committee to :i* a cov]$ resolution has be5 ref]r$ has n report$ ! resolution at ! end ( #be cal5d> days aft] ! introduction ( ! resolution-- 7i7 ! committee %all be dis*>g$ f fur!r consid]ation ( ! resolution2 & 7ii7 ! resolution %all be plac$ on ! appropriate cal5d>4 7#d7 ,floor consid]ation 9 ! ,h\se 7,a7 ,motion to proce$ 7i7 ,9 g5]al ,:5 ! committee ( ! ,h\se ( ,repres5tatives has report$1 or has be5 dis*>g$ f fur!r consid]ation (1 a cov]$ resolution1 x %all at any "t !reaft] be 9 ord] 7ev5 ?\gh a previ\s motion to ! same effect has be5 disagre$ to7 to move to proce$ to ! consid]ation ( ! resolution4 7ii7 ,privilege ,a motion describ$ 9 clause 7i7 %all be highly privileg$ & n debatable4 7iii7 ,no am5dm5t or motion to reconsid] ,an am5dm5t to a motion describ$ 9 clause 7i7 %all n be 9 ord]1 nor %all x be 9 ord] to move to reconsid] ! vote by :i* ! motion is agre$ to or disagre$ to4 7,b7 ,debate 7i7 ,9 g5]al ,debate 9 ! ,h\se ( ,repres5tatives on a cov]$ resolution %all be limit$ to n m ?an #b h\rs1 :i* %all be divid$ equally betwe5 ^? favor+ & ^? oppos+ ! resolution4 7ii7 ,no motion to reconsid] ,x %all n be 9 ord] 9 ! ,h\se ( ,repres5tatives to move to reconsid] ! vote by :i* a cov]$ resolution is agre$ to or disagre$ to4 7,c7 ,no motion to po/pone consid]ation or proce$ to consid]ation ( o!r bus9ess ,9 ! ,h\se ( ,repres5tatives1 motions to po/pone1 made ) respect to ! consid]ation ( a cov]$ resolution1 & motions to proce$ to ! consid]ation ( o!r bus9ess1 %all n be 9 ord]4 7,d7 ,appeals f decisions ( *air ,an appeal f ! decision ( ! ,*air relat+ to ! application ( ! ,rules ( ! ,h\se ( ,repres5tatives to ! proc$ure relat+ to a cov]$ resolution %all be decid$ )\t debate4 7#e7 ,floor consid]ation 9 ! ,s5ate 7,a7 ,motion to proce$ 7i7 ,9 g5]al ,not)/&+ ,rule ,,xxii ( ! ,/&+ ,rules ( ! ,s5ate1 :5 ! committee ( ! ,s5ate to :i* a cov]$ resolution is ref]r$ has report$1 or has be5 dis*>g$ f fur!r consid]ation (1 a cov]$ resolution1 x %all at any "t !reaft] be 9 ord] 7ev5 ?\gh a previ\s motion to ! same effect has be5 disagre$ to7 to move to proce$ to ! consid]ation ( ! resolution & all po9ts ( ord] aga9/ ! cov]$ resolution are waiv$4 7ii7 ,division ( "t ,a motion to proce$ describ$ 9 clause 7i7 is subject to #d h\rs ( debate divid$ equally betwe5 ^? favor+ & ^? oppos+ ! cov]$ resolution4 7iii7 ,no am5dm5t or motion to po/pone or proce$ to o!r bus9ess ,a motion to proce$ describ$ 9 clause 7i7 is n subject to-- 7,i7 am5dm5t2 7,,ii7 a motion to po/pone2 or 7,,iii7 a motion to proce$ to ! consid]ation ( o!r bus9ess4 7,b7 ,floor consid]ation 7i7 ,g5]al ,9 ! ,s5ate1 a cov]$ resolution %all be subject to #aj h\rs ( debate divid$ equally betwe5 ^? favor+ & ^? oppos+ ! cov]$ resolution4 7ii7 ,am5dm5ts ,9 ! ,s5ate1 no am5dm5t to a cov]$ resolution %all be 9 ord]1 except an am5dm5t t /rikes f or adds to ! li/ requir$ "u p>agraph 7#a77;,a77i7 a cov]$ provision recomm5d$ = am5dm5t or repeal by ! ,(fice4 7iii7 ,motions & appeals ,9 ! ,s5ate1 a motion to reconsid] a vote on f9al passage ( a cov]$ resolution %all n be 9 ord]1 & po9ts ( ord]1 includ+ que/ions ( relevancy1 & appeals f ! decision ( ! ,presid+ ,(fic]1 %all be decid$ )\t debate4 7#f7 ,receipt ( resolution f o!r ,h\se ,if1 be=e pass+ a cov]$ resolution1 "o ,h\se receives f ! o!r a cov]$ resolution-- 7,a7 ! cov]$ resolution ( ! o!r ,h\se %all n be ref]r$ to a committee & %all be deem$ to h be5 dis*>g$ f committee on ! day on :i* x is receiv$2 & 7,b7 ! proc$ures set =? 9 p>agraph 7#d7 or 7#e71 z applicable1 %all apply 9 ! receiv+ ,h\se to ! cov]$ resolution receiv$ f ! o!r ,h\se to ! same ext5t z ^? proc$ures apply to a cov]$ resolution ( ! receiv+ ,h\se4 7#g7 ,rules ( ! ,h\se ( repres5tatives & ! ,s5ate ,p>agraphs 7#c7 ?r\gh 7#g7 are enact$ by ,congress-- 7,a7 z an ex]cise ( ! rulemak+ p[] ( ! ,h\se ( ,repres5tatives & ! ,s5ate1 respectively1 & z su* are deem$ a "p ( ! rules ( ea* ,h\se1 respectively1 b applicable only ) respect to ! proc$ures to be foll[$ 9 ! ,h\se 9 ! case ( cov]$ resolutions1 & sup]s$e o!r rules only to ! ext5t t !y are inconsi/5t ) su* o!r rules2 & 7,b7 ) full recognition ( ! con/itutional "r ( ei!r ,h\se to *ange ! rules 7s f> z relat+ to ! proc$ure ( t ,h\se7 at any "t1 9 ! same mann]1 & to ! same ext5t z 9 ! case ( any o!r rule ( t ,h\se4 7j7 ,rule ( con/ruction ,no?+ 9 ?is section %all be con/ru$ to-- 7#a7 require an entity t is grant$ a waiv] "u ?is section to publicly disclose propriet>y in=mation1 includ+ trade secrets or comm]cial or f9ancial in=mation t is privileg$ or confid5tial2 or 7#b7 affect any o!r provision ( law or regulation applicable to an entity t is n includ$ 9 a waiv] provid$ "u ?is section4 7k7 ,au?orization ( appropriations ,!re are au?oriz$ to be appropriat$ to ! ,(fice to c>ry out ?is section an am\nt t is n m ?an ! am\nt ( funds deposit$ into ! ,treasury f ! fees collect$ "u subsection 7c77#c74