To amend the Unfunded Mandates Reform Act of 1995 to provide for regulatory impact analyses for certain rules, 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
Strengthens Unfunded Mandates Reform Act by defining major rules at $100M economic impact and requiring expanded cost-benefit analysis for regulations affecting state/local/tribal governments.
Who Benefits and How
- State and local governments gain better analysis of regulatory burdens
- Tribal governments included in mandate analysis
- Regulated entities receive more thorough cost-benefit analysis
Who Bears the Burden and How
- Federal agencies must conduct expanded regulatory impact analyses
- OIRA reviews more rules under strengthened framework
- Rulemaking potentially slowed by additional requirements
Key Provisions
- Major rule defined as $100M+ annual economic effect
- Threshold adjusted for inflation every 5 years
- Expanded cost analysis including indirect costs and lost revenues
- Covers significant effects on competition, investment, innovation
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers.
At a Glance
What This Bill Does
Expands unfunded mandates analysis requirements and defines major rules at $100M threshold
Who Benefits
- State and local governments
- Tribal governments
- Regulated entities
Who Bears Costs
- Federal agencies
- OIRA
- Rulemaking process
Key Policy Areas
Regulatory Reform, Government Oversight, Federalism
Primary Purpose
Expands unfunded mandates analysis requirements and defines major rules at $100M threshold
Policy Domains
Legislative Strategy
"Strengthen regulatory analysis to protect state/local/tribal governments"
Sponsors
Legislative Progress
ReportedAdditional sponsors: Mrs. Peltola, Mr. Golden of Maine, Mr. Molinaro, …
Reported from the Committee on Oversight and Accountability with an …
Committees on Rules, the Budget, and the Judiciary discharged; committed …
Ms. Foxx (for herself and Mr. Cuellar) introduced the following …
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Federal Reserve, Federal Reserve Board, Federal regulatory agencies
Positive-direction: Federal Reserve, Federal Reserve Board
Negative-direction: Federal regulatory agencies, Independent regulatory agencies (SEC, FCC, etc.)
Private sector businesses, Private sector stakeholders, Regulated businesses
Congress (legislative process), Federal regulatory agencies, OIRA
Small businesses, Small businesses affected by federal rules
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_administrator"
- → OIRA Administrator
Key Definitions
Terms defined in this bill
Rule with $100M+ annual economic effect or major cost/competition impacts
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