“This Act may be cited as the ‘Truth in Regulating Act of 2000’.
For expiration of amendment by Pub. L. 118–5, see Termination Date of 2023 Amendment note below.
Sections 202, 203, 204, and 205 of the Unfunded Mandates Reform Act of 1995, referred to in subsec. (a)(1)(B)(iii), are classified to sections 1532, 1533, 1534, and 1535, respectively, of Title 2, The Congress.
The Administrative Pay-As-You-Go Act of 2023, referred to in subsec. (a)(2)(A), is title III of div. B of Pub. L. 118–5,
The date of the enactment of this chapter, referred to in subsec. (e)(1), (2), is the date of the enactment of Pub. L. 104–121, which was approved
2023—Subsec. (a)(2)(A). Pub. L. 118–5, §§ 268, 270, temporarily inserted “, and shall in addition include an assessment of the agency’s compliance with such requirements of the Administrative Pay-As-You-Go Act of 2023 as may be applicable” after “compliance with procedural steps required by paragraph (1)(B)”. See Termination Date of 2023 Amendment note below.
Amendment by Pub. L. 118–5 expires on
Pub. L. 104–121, title II, § 252,
This chapter is popularly known as the “Congressional Review Act”.
Pub. L. 106–312, “This Act may be cited as the ‘Truth in Regulating Act of 2000’. “There are authorized to be appropriated to the Government Accountability Office to carry out this Act $5,200,000 for each of fiscal years 2000 through 2002.“SECTION 1. SHORT TITLE.“SEC. 2. PURPOSES.“The purposes of this Act are to—“(1) increase the transparency of important regulatory decisions;“(2) promote effective congressional oversight to ensure that agency rules fulfill statutory requirements in an efficient, effective, and fair manner; and“(3) increase the accountability of Congress and the agencies to the people they serve.“SEC. 3. DEFINITIONS.“In this Act, the term—“(1) ‘agency’ has the meaning given such term under section 551(1) of title 5, United States Code;“(2) ‘economically significant rule’ means any proposed or final rule, including an interim or direct final rule, that may have an annual effect on the economy of $100,000,000 or more or adversely affect in a material way the economy, a sector of the economy, productivity, competition, jobs, the environment, public health or safety, or State, local, or tribal governments or communities; and“(3) ‘independent evaluation’ means a substantive evaluation of the agency’s data, methodology, and assumptions used in developing the economically significant rule, including—“(A) an explanation of how any strengths or weaknesses in those data, methodology, and assumptions support or detract from conclusions reached by the agency; and“(B) the implications, if any, of those strengths or weaknesses for the rulemaking.“SEC. 4. PILOT PROJECT FOR REPORT ON RULES.“(a) “(1) When an agency publishes an economically significant rule, a chairman or ranking member of a committee of jurisdiction of either House of Congress may request the Comptroller General of the United States to review the rule.“(2) The Comptroller General shall submit a report on each economically significant rule selected under paragraph (4) to the committees of jurisdiction in each House of Congress not later than 180 calendar days after a committee request is received. The report shall include an independent evaluation of the economically significant rule by the Comptroller General.“(3) The independent evaluation of the economically significant rule by the Comptroller General under paragraph (2) shall include—“(A) an evaluation of the agency’s analysis of the potential benefits of the rule, including any beneficial effects that cannot be quantified in monetary terms and the identification of the persons or entities likely to receive the benefits;“(B) an evaluation of the agency’s analysis of the potential costs of the rule, including any adverse effects that cannot be quantified in monetary terms and the identification of the persons or entities likely to bear the costs;“(C) an evaluation of the agency’s analysis of alternative approaches set forth in the notice of proposed rulemaking and in the rulemaking record, as well as of any regulatory impact analysis, federalism assessment, or other analysis or assessment prepared by the agency or required for the economically significant rule; and“(D) a summary of the results of the evaluation of the Comptroller General and the implications of those results.“(4) The Comptroller General shall have discretion to develop procedures for determining the priority and number of requests for review under paragraph (1) for which a report will be submitted under paragraph (2).“(b) Each agency shall promptly cooperate with the Comptroller General in carrying out this Act. Nothing in this Act is intended to expand or limit the authority of the Government Accountability Office.“SEC. 5. AUTHORIZATION OF APPROPRIATIONS.“SEC. 6. EFFECTIVE DATE AND DURATION OF PILOT PROJECT.“(a) This Act and the amendments made by this Act shall take effect 90 days after the date of enactment of this Act [“(b) The pilot project under this Act shall continue for a period of 3 years, if in each fiscal year, or portion thereof included in that period, a specific annual appropriation not less than $5,200,000 or the pro-rated equivalent thereof shall have been made for the pilot project.“(c) Before the conclusion of the 3-year period, the Comptroller General shall submit to Congress a report reviewing the effectiveness of the pilot project and recommending whether or not Congress should permanently authorize the pilot project.”