,,ii  #aai? ,,congress  #a/ ,session    
,s4 #adh  ,,9 ,,! ,,s5ate ,,( ,,!       
,,unit$ ,,/ates  ,janu>y #ag1 #bjbe,ms4 
,ern/ 7= h]self & ,mr4 ,lank=d7         
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,homel& ,security & ,gov]nm5tal ,affairs
  ,a ,,bill  ,to prohibit ! use (       
non-monetiz$ or unqualifi$ factors =    
regulatory analyses1 & = o!r purposes4  
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,regulations ,evaluat$ to ,det]m9e ,! 
,anticipat$ ,price & ,effect ,act or !  
,,r$ ,,tape ,act4  #b4 ,f9d+s ,congress 
f9ds t ag5cies mu/ prioritize tangible1 
imm$iately quantifiable monet>y b5efits 
9 _! decision mak+ processes1 ensur+    
regulatory actions yield cle> &         
measurable f9ancial b5efits to ! public 
& private sectors :ile m9imiz+          
unnecess>y regulatory co/s or burd5s4   
#c4 ,prohibition on net b5efit disc\nts2
 consid]ation ( regulatory impact       
analyses  7a7 ,9 g5]al ,*apt] #f ( title
 #e1 ,unit$ ,/ates ,code1 is am5d$--    

7#a7 9 section #fja-- 7,a7 9 p>agraph   
7#f71 by /rik+ & at ! end2  7,b7 9      
p>agraph 7#g71 by /rik+ ! p]iod at ! end
 & ins]t+ a semicolon2 &  7,c7 by add+  
at ! end ! foll[+3  7#h7 ! t]m          
b5efit-co/ analysis has ! mean+ giv5 !  
t]m 9 ,(fice ( ,managem5t & ,budget     
,circul> ,a-#id1 z revis$ on ,novemb]   
#i1 #bjbc1 or any successor revision2 & 
7#i7 ! t]m regulatory impact analysis   
means a regulatory analysis describ$ 9--
 7,a7 ,executive ,ord] #abhff 7#e       
,u4,s4,c4 #fja note2 relat+ to          
regulatory plann+ & review72  7,b7      
,executive ,ord] #acefc 7#e ,u4,s4,c4   
#fja note2 relat+ to improv+ regulation 
& regulatory review72  7,c7 ,executive  
,ord] #adjid 7#hh ,f$4 ,reg4 #bahgi2    
relat+ to mod]niz+ regulatory review72  
7,d7 ,(fice ( ,managem5t & ,budget      
,circul> ,no4 ,a-#d1 z revis$ on        
,novemb] #i1 #bjbc1 or any successor    
revision2 or  7,e7 ,(fice ( ,managem5t &
 ,budget ,circul> ,no4 ,a-#id1 z revis$ 
on ,novemb] #i1 #bjbc1 or any successor 

revision4  2 &  7#b7 by add+ at ! end ! 
foll[+3  #fac4 ,prohibition on use (    
non-monetiz$ or unqualifi$ factors =    
regulatory analyses  7a7 ,ag5cy         
prohibition ,an ag5cy may n consid] any 
non-monetiz$ or unquantifi$ factor :5   
conduct+ a regulatory impact analysis or
 b5efit-co/ analysis on any propos$     
rule1 f9al rule1 or int]im f9al rule4   
7b7 ,,omb prohibition ,! ,(fice (       
,managem5t & ,budget may n-- 7#a7       
au?orize 9 any mann]1 su* z 9 issu+     
guidance1 a memor&um1 a directive1 or a 
rule t p]mit or endorse ! analysis or   
use ( any non-monetiz$ or unquantifi$   
factor :5 conduct+ a regulatory impact  
analysis or b5efit-co/ analysis on any  
propos$ rule1 f9al rule1 or int]im f9al 
rule2 or  7#b7 consid] any non-monetiz$ 
or unquantifi$ factor pres5t$ 9 a       
regulatory impact analysis or b5efit-co/
 analysis ( ano!r ag5cy4  7c7 ,public   
transp>5cy ,ea* ag5cy %all publi% 9 !   
,f$]al ,regi/]1 ) respect to & along )  
ea* propos$ rule1 f9al rule1 or int]im  

f9al rule-- 7#a7 a summ>y ( ea*         
regulatory impact analysis & b5efit-co/ 
analysis conduct$ by ! ag5cy2  7#b7 !   
text ( ea* regulatory impact analysis & 
b5efit-co/ analysis conduct$ by ! ag5cy1
 includ+ a disclosure ( ! me?odology &  
specific analyses us$ by ! ag5cy 9      
e/imat+ economic impacts1 & !           
det]m9ation & rationale ( su* economic  
impact analyses2 &  7#c7 any additional 
in=mation ( ! ag5cy relevant to !       
regulatory impact & b5efit-co/ analyses 
conduct$ by ! ag5cy1 su* z !            
decision-mak+ processes ( ! ag5cy4  7d7 
,regulatory guidance ,n lat] ?an #ij    
days aft] ! date ( enactm5t ( ?is       
section1 ! ,director ( ! ,(fice (       
,managem5t & ,budget %all issue revis$  
guidance to ag5cies to ensure compliance
 ) ! provisions ( ?is section4  7e7     
,judicial review  7#a7 ,9 g5]al ,any    
p>ty affect$ by a rule issu$ by an ag5cy
 t consid]$ a non-monetiz$ or           
unquantifi$ factor :5 conduct+ a        
regulatory impact or b5efit-co/ analysis

 9 violation ( ?is section may br+ a    
civil action aga9/ ! ag5cy to *all5ge ! 
rule 9 a di/rict c\rt ( ! ,unit$ ,/ates4
  7#b7 ,invalidation ( regulation ,if ! 
c\rt f9ds t an ag5cy reli$ ^u           
non-monetiz$ or unquantifi$ factors to  
evaluate a f9al rule or int]im f9al rule
 9 contrav5tion ( ?is section1 ! c\rt   
%all decl>e ! rule invalid4  7#c7       
,/atute ( limitations ,?is subsection   
%all apply ) respect to any rule issu$  
by an ag5cy on or aft] ,novemb] #i1     
#bjbc4  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      
,prohibition on use ( non-monetiz$ or   
unquantifi$ factors = regulatory        
analyses4  4  #d4 ,effective date ,!    
am5dm5ts made by section #c %all take   
effect on ! date t is #cj days aft] !   
date ( enactm5t ( ?is ,act4