I 
117TH CONGRESS 
1ST SESSION 
H. R. 701 
To amend the Unfunded Mandates Reform Act of 1995 to provide for 
regulatory impact analyses for certain rules, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
FEBRUARY 2, 2021 
Ms. FOXX (for herself and Mr. CUELLAR) introduced the following bill; which 
was referred to the Committee on Oversight and Reform, and in addition 
to the Committees on Rules, the Budget, and the Judiciary, for a period 
to be subsequently determined by the Speaker, in each case for consider-
ation of such provisions as fall within the jurisdiction of the committee 
concerned 
A BILL 
To amend the Unfunded Mandates Reform Act of 1995 
to provide for regulatory impact analyses for certain 
rules, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Unfunded Mandates 
Accountability and Transparency Act’’. 
SEC. 2. FINDINGS. 
Congress finds the following: 
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(1) The public has a right to know the benefits 
and costs of regulation. Effective regulatory pro-
grams provide important benefits to the public, in-
cluding protecting the environment, worker safety, 
and human health. Regulations also impose signifi-
cant costs on individuals, employers, and State, 
local, and Tribal governments, diverting resources 
from other important priorities. 
(2) Better regulatory analysis and review 
should improve the quality of agency decisions, in-
creasing the benefits and reducing unwarranted 
costs of regulation. 
(3) Disclosure and scrutiny of key information 
underlying agency decisions should make the Fed-
eral Government more accountable to the public it 
serves. 
SEC. 3. REGULATORY IMPACT ANALYSES FOR CERTAIN 
RULES. 
The Unfunded Mandates Reform Act of 1995 (2 
U.S.C. 1501 et seq.) is amended— 
(1) by striking ‘‘tribal’’ each place that term 
appears and inserting ‘‘Tribal’’; 
(2) in section 3 (2 U.S.C. 1502)— 
(A) in paragraph (1), by striking ‘‘and’’ at 
the end; 
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(B) in paragraph (2), by striking the pe-
riod at the end and inserting ‘‘and’’; and 
(C) by adding at the end the following: 
‘‘(3) the term ‘major rule’ means a rule, as de-
fined in section 551 of title 5, United States Code, 
that the Administrator of the Office of Information 
and Regulatory Affairs determines is likely to 
cause— 
‘‘(A) an annual effect on the economy of 
$100,000,000 or more, adjusted once every 5 
years to reflect increases in the Consumer Price 
Index for All Urban Consumers, as published 
by the Bureau of Labor Statistics of the De-
partment of Labor; 
‘‘(B) a major increase in costs or prices for 
consumers, 
individual 
industries, 
Federal, 
State, local, or Tribal government agencies, or 
geographic regions; or 
‘‘(C) significant adverse effects on competi-
tion, employment, investment, productivity, in-
novation, public health and safety, or the ability 
of United States-based enterprises to compete 
with foreign-based enterprises in domestic and 
export markets.’’; and 
(3) in section 202 (2 U.S.C. 1532)— 
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