H.R. 6486 (112th): To amend title 5, United States Code, to decrease the annual effect on the economy that a ...

...rule must have to be a major rule from $100,000,000 to $50,000,000 for the purpose of increasing the number of rules for which Congress can use th

112th Congress, 2011–2013. Text as of Sep 21, 2012 (Introduced).

Status & Summary | PDF | Source: GPO

I

112th CONGRESS

2d Session

H. R. 6486

IN THE HOUSE OF REPRESENTATIVES

September 21, 2012

(for himself, Mr. Bishop of Utah, Mr. Rahall, and Mr. Gardner) introduced the following bill; which was referred to the Committee on the Judiciary

A BILL

To amend title 5, United States Code, to decrease the annual effect on the economy that a rule must have to be a major rule from $100,000,000 to $50,000,000 for the purpose of increasing the number of rules for which Congress can use the resolution of disapproval procedure to disapprove a major rule, and for other purposes.

1.

Amendment to the definition of a major rule

(a)

Major rule

Section 804(2)(A) of title 5, United States Code, is amended by striking $100,000,000 and inserting $50,000,000.

(b)

Effective date

The amendment made by subsection (a) shall apply to any proposed rule for which the Federal agency promulgating such rule submits a report under section 801(a)(1)(A) of title 5, United States Code, on or after the date of the enactment of this Act.

2.

Significant regulatory action under executive order 12866

(a)

Significant regulatory action

In applying Executive Order 12866 (58 Fed. Reg. 51735; relating to regulatory planning and review), the head of any agency and the Administrator of the Office of Information and Regulatory Affairs shall consider a regulatory action to be a significant regulatory action under section 3(f)(1) of such Executive order if the rule that is likely to result from such regulatory action may have an annual effect on the economy of $50,000,000 or more.

(b)

Effective date

This section shall apply to—

(1)

any planned regulatory action that the head of an agency submits to the Administrator of the Office of Information and Regulatory Affairs under section 6(a)(3) of Executive Order 12866 on or after the date of the enactment of this Act; and

(2)

any regulatory action in a regulatory plan that the head of an agency submits to the Administrator under section 4(c) of such Executive order on or after such date of the enactment.

(c)

Definitions

In this section, the terms agency, regulatory action, and rule have the meanings given those terms for purposes of Executive Order 12866.