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[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[S. 1807 Introduced in Senate (IS)]

114th CONGRESS
  1st Session
                                S. 1807

 To require agencies to publish the categorization of certain proposed 
                and final rules, and for other purposes.

_______________________________________________________________________

                   IN THE SENATE OF THE UNITED STATES

                             July 21, 2015

  Mr. Daines (for himself, Mr. Blunt, and Mr. Gardner) introduced the 
 following bill; which was read twice and referred to the Committee on 
               Homeland Security and Governmental Affairs

_______________________________________________________________________

                                 A BILL

 
 To require agencies to publish the categorization of certain proposed 
                and final rules, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Regulatory Impact Scale on the 
Economy Small Business Act of 2015'' or the ``RISE Small Business Act 
of 2015''.

SEC. 2. CATEGORIZATION OF RULES.

    Section 553 of title 5, United States Code, is amended by adding at 
the end the following:
    ``(f) Categorization of Rules.--
            ``(1) In general.--Before an agency promulgates a proposed 
        or final rule that the agency determines is likely to have an 
        annual effect on the economy of not less than $100,000,000, the 
        agency shall--
                    ``(A) assign the rule to the applicable category 
                described in paragraph (2) based on the highest 
                possible annual effect that the agency determines the 
                proposed or final rule is likely to have on the 
                economy; and
                    ``(B) publish in the Federal Register the assigned 
                category for the rule.
            ``(2) Categories.--A proposed or final rule is a--
                    ``(A) category 1 rule, if the agency determines 
                that the rule is likely to result in an annual effect 
                on the economy of not less than $100,000,000 and not 
                more than $499,999,999;
                    ``(B) category 2 rule, if the agency determines 
                that the rule is likely to result in an annual effect 
                on the economy of not less than $500,000,000 and not 
                more than $999,999,999;
                    ``(C) category 3 rule, if the agency determines 
                that the rule is likely to result in an annual effect 
                on the economy of not less than $1,000,000,000 and not 
                more than $4,999,999,999;
                    ``(D) category 4 rule, if the agency determines 
                that the rule is likely to result in an annual effect 
                on the economy of not less than $5,000,000,000 and not 
                more than $9,999,999,999; and
                    ``(E) category 5 rule, if the agency determines 
                that the rule is likely to result in an annual effect 
                on the economy of not less than $10,000,000,000.
            ``(3) Submission to oira.--Each agency shall, on an annual 
        basis, submit to the Administrator of the Office of Information 
        and Regulatory Affairs a list of the rules, by category, that 
        the agency published in the Federal Register under paragraph 
        (1) during the preceding year.
            ``(4) Publication on oira website.--Not later than 60 days 
        after the date on which the Administrator of the Office of 
        Information and Regulatory Affairs receives a list of rules 
        from an agency under paragraph (3), the Administrator shall 
        publish on www.reginfo.gov--
                    ``(A) the list of rules received from the agency 
                under paragraph (3); and
                    ``(B) an estimate of the costs and benefits of each 
                rule included on the list.''.

SEC. 3. DEFINING SIGNIFICANT ECONOMIC IMPACT FOR INITIAL AND FINAL 
              REGULATORY FLEXIBILITY ANALYSES.

    Section 601 of title 5, United States Code, is amended--
            (1) in paragraph 6, by striking ``and'' at the end;
            (2) in paragraph 7, by striking the period at the end and 
        inserting a semicolon;
            (3) in paragraph 8--
                    (A) by striking ``Recordkeeping'' and all that 
                follows through ``The'' and inserting ``the''; and
                    (B) by striking the period at the end and inserting 
                ``; and''; and
            (4) by adding at the end the following:
            ``(9) the term `significant economic impact' means an 
        annual economic effect of not less than $100,000,000.''.
                                 <all>
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