,i #aaith ,,congress #ast ,session ,h4 ,r4 #aifc ,,in ,,the ,,house ,,of ,,representatives ,march #f1 #bjbe,ms4 ,van ,duyne introduced the following bill2 which was referred to the ,committee on the ,judiciary ,a ,,bill ,to require the heads of agencies identify whether major rules of the agency are budget neutral1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,agency ,accountability and ,cost ,transparency ,act of #bjbe4 #b4 ,requirement to identify whether major rules are budget neutral 7a7 ,in general ,the head of each agency shall-- 7#a7 before promulgating a major rule-- 7,a7 estimate the cost of the rule2 7,b7 identify whether any rule of the agency may be repealed to offset the cost of the major rule2 and 7,c7 repeal any rule identified under subparagraph 7,b72 and 7#b7 include a statement along with each major rule published in the ,federal ,register that identifies whether the rule is budget neutral4 7b7 ,definitions ,in this section3 7#a7 ,agency ,the terms agency has the meaning given that term in section #eea of title #e1 ,united ,states ,code4 7#b7 ,budget neutral ,the term budget neutral means that the cost of the rule is equal to the total amount of costs to the public eliminated as a result of the repeal of any rule identified under paragraph 7#a77;,b74 7#c7 ,cost of the rule ,the term cost of the rule means the cost to the public of the rule1 including any cost incurred to understand or implement the rule4 7#d7 ,major rule ,the term major rule means any rule1 including an interim final rule1 that the ,administrator of the ,office of ,information and ,regulatory ,affairs of the ,office of ,management and ,budget or the ,federal agency promulgating such rule finds has resulted in or is likely to result in-- 7,a7 an annual effect on the economy of #ajj million or more2 7,b7 a major increase in costs or prices for consumers1 individual industries1 ,federal1 ,state1 or local government agencies1 or geographic regions2 or 7,c7 significant adverse effects on competition1 employment1 investment1 productivity1 innovation1 or the ability of ,united ,states-based enterprises to compete with foreign-based enterprises in domestic and export markets4 7#e7 ,rule ,the term rule has the meaning given such term in section #eea1 except that such term-- 7,a7 includes interpretative rules1 general statements of policy1 and all other agency guidance documents2 and 7,b7 does not include-- 7i7 any rule of particular applicability1 including a rule that approves or prescribes for the future rates1 wages1 prices1 services1 or allowances therefore1 corporate or financial structures1 reorganizations1 mergers1 or acquisitions thereof1 or accounting practices or disclosures bearing on any of the foregoing2 7ii7 any rule relating to agency management or personnel2 or 7iii7 any rule of agency organization1 procedure1 or practice that does not substantially affect the rights or obligations of non-agency parties4