To amend the Congressional Budget Act of 1974 to establish a Federal regulatory budget and to impose cost controls on that budget, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
The bill requires president’s annual budget submissions Section 1105(a) of title 31, United States Code, is amended by adding at the end the following: (40) (A)for the first fiscal year that begins at least 120 days after, requires estimation and disclosure of costs of Federal regulation Chapter 6 of title 5, United States Code, popularly known as the Regulatory Flexibility Act, is amended— in section 603— in subsection (a), in the second, and creates guidance documents In this section— the terms agency and rule have the meanings given such terms in section 551 of title 5, United States Code. It relies on compliance mandates, reporting requirements, delegation of rulemaking, and definition changes. The main policy areas are Homeowners, Environment, Finance, and Housing.
Who Benefits and How
Public beneficiaries or protected communities affected by the clause could face reduced risk, Environmental and public health interests affected by the bill could face lower compliance burdens, and National security and critical infrastructure stakeholders affected by the bill could face lower compliance burdens.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties, Environmental and public health interests affected by the bill would take on compliance duties, and Homeowners, tenants, or housing market participants affected by the bill would take on compliance duties.
Key Provisions
- Requires president’s annual budget submissions Section 1105(a) of title 31, United States Code, is amended by adding at the end the following: (40) (A)for the first fiscal year that begins at least 120 days after...
- Requires estimation and disclosure of costs of Federal regulation Chapter 6 of title 5, United States Code, popularly known as the Regulatory Flexibility Act, is amended— in section 603— in subsection (a), in the second...
- Creates guidance documents In this section— the terms agency and rule have the meanings given such terms in section 551 of title 5, United States Code.
- Provides amendments to the Congressional Budget Act of 1974 Title III of the Congressional Budget Act of 1974 is amended— by inserting before section 300 the following: AGeneral provisions.
- Requires definitions In this part— the term CBO means the Congressional Budget Office.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill requires president’s annual budget submissions Section 1105(a) of title 31, United States Code, is amended by adding at the end the following: (40) (A)for the first fiscal year that begins at least 120 days after, requires estimation and disclosure of costs of Federal regulation Chapter 6 of title 5, United States Code, popularly known as the Regulatory Flexibility Act, is amended— in section 603— in subsection (a), in the second, and creates guidance documents In this section— the terms agency and rule have the meanings given such terms in section 551 of title 5, United States Code.
Key Policy Areas
Homeowners, Environment, Finance, Housing
Primary Purpose
The bill requires president’s annual budget submissions Section 1105(a) of title 31, United States Code, is amended by adding at the end the following: (40) (A)for the first fiscal year that begins at least 120 days after, requires estimation and disclosure of costs of Federal regulation Chapter 6 of title 5, United States Code, popularly known as the Regulatory Flexibility Act, is amended— in section 603— in subsection (a), in the second, and creates guidance documents In this section— the terms agency and rule have the meanings given such terms in section 551 of title 5, United States Code.
Policy Domains
Whole bill
Identified Gains
- Public beneficiaries or protected communities affected by the clause
- Environmental and public health interests affected by the bill
- National security and critical infrastructure stakeholders affected by the bill
- Tribal governments and members affected by the bill
- Transportation operators and users affected by the bill
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- Environmental and public health interests affected by the bill
- Homeowners, tenants, or housing market participants affected by the bill
- Businesses and employers affected by the bill
- National security and critical infrastructure stakeholders affected by the bill
Sponsors
Legislative Progress
IntroducedMr. Good of Virginia (for himself, Ms. Mace, Mrs. Miller …
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Law enforcement, justice-system actors, and affected communities
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology