S. 536: Regulation Costs to America Act

113th Congress, 2013–2015. Text as of Mar 12, 2013 (Introduced).

Status & Summary | PDF | Source: GPO and Cato Institute Deepbills

II

113th CONGRESS

1st Session

S. 536

IN THE SENATE OF THE UNITED STATES

March 12, 2013

introduced the following bill; which was read twice and referred to theCommittee on Homeland Security and Governmental Affairs

A BILL

To require a study and report by the Comptroller General of the United States regarding the costs of Federal regulations.

1.

Short title

This Act may be cited as the Regulation Costs to America Act .

2.

GAO study on the cost of federal regulations

(a)

In general

TheComptroller General of the United Statesshall conduct an annual study of the total costs of Federal regulations.

(b)

Requirement

In conducting the study required undersubsection (a), theComptroller General of the United Statesshall use a methodology substantially similar to the methodology used in conducting the study described in the report entitledThe Impact of Regulatory Costs on Small Firms(September 2010), prepared on behalf of theOffice of Advocacy of the Small Business Administration.

(c)

Report

Not later than 1 year after the date of enactment of this Act, and every year thereafter, theComptroller General of the United Statesshall submit toCongressa report on the findings of the study conducted undersubsection (a), which shall include an estimate of the total annual costs of Federal regulations by agency, as such term is defined in section 551of title 5, United States Code.

(d)

Funding

TheGeneral Accountability Officeshall carry out this section using unobligated funds otherwise made available to theGeneral Accountability Office.

(e)

Sense of Congress

It is the sense ofCongressthat no additional funds should be made available to carry out this section.