House Passes Bill to Reform Federal Gov't Rulemaking Process
On December 2, 2011, the House passed H.R. 3010, the Regulatory Accountability Act, a bill to reform the federal regulatory process. According to a House Judiciary Committee press release and other documents, H.R. 3010 would (i) place permanent restrictions on…
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regulatory agencies and restore accountability by requiring openness and transparency in the regulatory process; (ii) require agencies to tailor new regulations to impose the least cost necessary to achieve policy goals set out by Congress; (iii) require agencies to hold formal hearings to test the assumptions and evidence on which the costliest new rules are based; (iv) update and reform the rulemaking process by setting mandatory rulemaking principles. House Judiciary Committee press release on passage of H.R. 3010 available here, Chamber of Commerce press release praising passage of H.R. 3010 available here. Email documents@brokerpower.com for GOP.gov summary of H.R. 3010.