The Reclaim the Reins Act would require agencies to provide Congress with more information about rules, including estimated budget effects, costs, job changes, inflation effects, supporting information, and constitutional authority. It would also let members of Congress ask the Comptroller General to decide whether an agency action is a rule or a major rule.
A major rule that increases revenue could not take effect without congressional approval. The bill would also give Congress another chance to review certain revenue-increasing rules submitted in the final year of a President’s term. Agencies would review at least 20 percent of their rules already in effect each year for four years. Those rules would stop having effect if Congress did not approve them within 90 days of designation, and eligible rules not approved within five years would not continue in effect.
The bill would change how federal agencies report, and how Congress reviews, new rules and rules already in effect. It does not identify specific rules or describe how any particular person or group would be affected.
The bill would appropriate $10 million each to the Office of Management and Budget and the Comptroller General, for a total of $20 million. The funds would remain available through September 30, 2034, for the bill’s requirements.
No publicly available information.
No publicly available information.