,,ii  #aah? ,,congress  #a/ ,session    
,s4 #hci  ,,9 ,,! ,,s5ate ,,( ,,!       
,,unit$ ,,/ates  ,m>* #af1 #bjbc,mr4    
,?une 7= himself & ,mr4 ,lank=d7        
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,homel& ,security & ,gov]nm5tal ,affairs
  ,a ,,bill  ,to require ag5cies to     
complete a regulatory impact analysis   
be=e issu+ a significant rule1 & = o!r  
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,regulatory ,transp>5cy    
,act ( #bjbc4  #b4 ,def9itions ,section 
#fja ( title #e1 ,unit$ ,/ates ,code1 is
 am5d$-- 7#a7 9 p>agraph 7#f71 by /rik+ 
& at ! end2  7#b7 9 p>agraph 7#g7 by    
/rik+ ! p]iod at ! end & ins]t+ a       
semicolon2  7#c7 9 p>agraph 7#h7-- 7,a7 
by /rik+ ,recordkeep+ requirem5t4--,! & 
ins]t+ !2 &  7,b7 by /rik+ ! p]iod at ! 
end & ins]t+ 2 &2 &  7#d7 by add+ at !  
end ! foll[+3  7#i7 ! t]m significant   
rule means any f9al rule t !            
,adm9i/rator ( ! ,(fice ( ,in=mation &  
,regulatory ,affairs ( ! ,(fice (       

,managem5t & ,budget det]m9es is likely 
to-- 7,a7 h an annual effect on !       
economy ( #ajj1jjj1jjj or m or adv]sely 
affect 9 a mat]ial way ! economy1 a     
sector ( ! economy1 productivity1       
competition1 jobs1 ! environm5t1 public 
heal? or safety1 or ,/ate1 local1 or    
tribal gov]nm5ts or communities2  7,b7  
create a significant inconsi/5cy or     
o!rwise int]f]e ) an action tak5 or     
plann$ by ano!r ,f$]al ag5cy2  7,c7     
mat]ially alt] ! budget>y impact (      
entitlem5ts1 grants1 us] fees1 or loan  
programs or ! rights & obligations (    
recipi5ts !re(2 or  7,d7 raise novel    
legal or policy issues4  4  #c4         
,regulatory impact analyses2            
consid]ation ( sunset dates  7a7 ,9     
g5]al ,*apt] #f ( title #e1 ,unit$      
,/ates ,code1 is am5d$ by add+ at ! end 
! foll[+3  #fac4 ,regulatory impact     
analyses  7a7 ,9 g5]al ,be=e issu+ any  
propos$ rule1 f9al rule1 or int]im f9al 
rule t meets ! economic ?re%old ( a     
significant rule describ$ 9 section     

#fja7i77;,a71 an ag5cy %all conduct a   
regulatory impact analysis to evaluate !
 propos$ rule1 f9al rule1 or int]im f9al
 rule1 z applicable4  7b7 ,regulatory   
impact analyses ,an analysis "u         
subsection 7a7 %all-- 7#a7 be bas$ ^u ! 
be/ reasonably obta9able support+       
in=mation1 consi/5t ) ,executive ,ord]  
#abhff 7#e ,u4,s4,c4 #fja note2 relat+  
to regulatory plann+ & review7 & any o!r
 relevant guidance f ! ,(fice (         
,managem5t & ,budget2  7#b7 be          
transp>5t1 replicable1 & objective2     
7#c7 describe ! ne$ to be address$ & h[ 
! rule w\ld address t ne$2  7#d7 analyze
 ! pot5tial effects1 includ+ ! b5efits &
 co/s1 ( ! rule2  7#e7 to ! maximum     
ext5t practicable1 consid] ! cumulative 
regulatory burd5 on ! regulat$ entity "u
 subsection 7c72  7#f7 consid] !        
pot5tial effects on diff]5t types &     
sizes ( bus9esses1 if applicable2  7#g7 
= a propos$ rule t is likely to lead to 
a significant rule1 or a f9al or int]im 
f9al rule t is a significant rule-- 7,a7

 describe ! ne$ to be address$1         
includ+-- 7i7 ! support+ in=mation      
demon/rat+ ! ne$2  7ii7 ! failures (    
private m>kets t w>rant new ag5cy       
action1 if applicable2 &  7iii7 :e!r    
exi/+ law1 includ+ regulations1 has     
creat$ or contribut$ to ! ne$2  7,b7    
def9e ! basel9e = ! analysis2  7,c7 set 
! timeframe ( ! analysis2  7,d7 analyze 
any available regulatory alt]natives1   
includ+-- 7i7 if rulemak+ is n          
specifically direct$ by /atute1 !       
alt]native ( n regulat+2  7ii7 any      
alt]natives t specify p]=mance          
objectives r ?an id5tify or require !   
specific mann] ( compliance t regulat$  
entities mu/ adopt2  7iii7 any          
alt]natives t involve ! deploym5t (     
innovative te*nology or practices2 &    
7iv7 any alt]natives t involve diff]5t  
requirem5ts = diff]5t types or sizes (  
bus9esses1 if applicable2  7,e7 id5tify 
! effects ( ! available regulatory      
alt]natives describ$ 9 subp>agraph 7,d72
  7,f7 id5tify ! effectiv5ess ( tort law

 to address ! id5tifi$ ne$2  7,g7 to !  
maximum ext5t practicable1 quantify &   
monetize ! b5efits & co/s ( ! select$   
regulatory alt]native & ! available     
alt]natives "u consid]ation2  7,h7      
disc\nt future b5efits & co/s quantifi$ 
& monetiz$ "u subp>agraph 7,g72  7,i7 to
 ! maximum ext5t practicable1 evaluate  
non-quantifi$ & non-monetiz$ b5efits &  
co/s ( ! select$ regulatory alt]native &
 ! available alt]natives "u             
consid]ation2 &  7,j7 *>act]ize any     
unc]ta9ty 9 b5efits1 co/s1 & net        
b5efits4  7c7 ,cumulative regulatory    
burd5 ,9 consid]+ ! cumulative          
regulatory burd5 "u subsection 7b77#e71 
an ag5cy %all-- 7#a7 id5tify & assess ! 
b5efits & co/s ( o!r regulations require
 compliance by ! same regulat$ entities 
to attempt to a*ieve simil> regulatory  
objectives2  7#b7 evaluate :e!r ! rule  
is inconsi/5t )1 incompatible )1 or     
duplicative ( o!r regulations2 &  7#c7  
consid] :e!r ! e/imat$ b5efits & co/s ( 
! rule increase or decrease z a result (

 o!r regulations issu$ by ! ag5cy1      
includ+ regulations t are n yet fully   
implem5t$1 comp>$ to ! b5efits & co/s ( 
t rule 9 ! abs5ce ( su* regulations4    
7d7 ,less burd5some alt]natives ,if1    
aft] conduct+ an analysis "u subsection 
7a7 = a propos$ rule t is likely to lead
 to a significant rule1 or a f9al rule  
or int]im f9al t is a significant rule1 
! ag5cy selects a regulatory approa* t  
is n ! lea/ burd5some comp>$ to an      
available regulatory alt]native1 ! ag5cy
 %all include-- 7#a7 9 ! summ>y section 
( ! preamble a /atem5t t ! select$      
approa* is m burd5some ?an an available 
regulatory alt]native2 &  7#b7 a        
ju/ification1 ) support+ in=mation1 = ! 
select$ approa*4  7e7 ,regulatory       
det]m9ation  7#a7 ,9 g5]al ,except z    
expressly provid$ o!rwise by law1 an    
ag5cy may issue a propos$ rule1 f9al    
rule1 or int]im f9al rule only ^u a     
reason$ det]m9ation t ! b5efits ( ! rule
 ju/ify ! co/s ( ! rule4  7#b7          
,requirem5ts  7,a7 ,alt]native ,:5ev] an

 ag5cy is expressly requir$ by law to   
issue a rule1 ! ag5cy %all select a     
regulatory alt]native t has b5efits t   
exce$ co/s & complies ) law4  7,b7      
,compliance ,if x is n possible to      
comply ) ! law by select+ a regulatory  
alt]native t has b5efits t exce$ co/s1  
an ag5cy %all select ! regulatory       
alt]native t has ! lea/ co/s & complies 
) law4  #fad4 ,consid]ation ( sunset    
dates  7a7 ,sunset ,n lat] ?an ,july #a1
 #bjbc1 an ag5cy %all1 = ea* propos$    
rule or int]im f9al rule ( ! ag5cy t    
meets ! economic ?re%old ( a significant
 rule describ$ 9 section #fja7i77;,a71  
include an explicit consid]ation ( a    
sunset date = ! rule4  7b7 ,elem5ts ,!  
consid]ation describ$ 9 subsection 7a7 =
 a propos$ rule or int]im f9al rule     
describ$ 9 t subsection %all include an 
assessm5t ( :e!r ! rule-- 7#a7 c\ld     
become outmod$ or outdat$ 9 light (     
*ang$ circum/ances1 includ+ !           
availability ( new te*nologies2 or  7#b7
 c\ld become excessively burd5some aft] 

a p]iod ( "t due to1 among o!r ?+s--    
7,a7 disproportionate co/s on small     
bus9esses2  7,b7 ! net effect on        
employm5t1 includ+ jobs add$ or lo/ 9 ! 
private sector2 &  7,c7 co/s t exce$    
b5efits4  7c7 ,publication ,a summ>y ( !
 consid]ation describ$ 9 subsection 7a7 
= a propos$ rule or int]im f9al rule    
describ$ 9 t subsection %all be publi%$ 
9 ! ,f$]al ,regi/] along ) ! propos$ or 
int]im f9al rule1 z applicable4  4  7b7 
,te*nical & con=m+ am5dm5t ,! table (   
sections = *apt] #f ( title #e1 ,unit$  
,/ates ,code1 is am5d$ by add+ at ! end 
! foll[+3  #fac4 ,regulatory impact     
analyses4#fad4 ,consid]ation ( sunset   
dates4  4  #d4 ,judicial review ,section
 #faa7;a7 ( title #e1 ,unit$ ,/ates     
,code1 is am5d$1 9 p>agraphs 7#a7 &     
7#b71 by /rik+ & #faj & ins]t+ #faj1 &  
#fac4