(4) CHARTER.—The enactment of this Act shall 
be considered to meet the requirements of the Com-
mission under section 1008(c) of title 5, United 
States Code. 
(m) TERMINATION.—The Commission shall termi-
nate on the later of— 
(1) the date that is 5 years and 180 days after 
the date of enactment of this Act; or 
(2) 5 years after the date on which the terms 
of all members of the Commission have commenced. 
(n) AUTHORIZATION OF APPROPRIATIONS.— 
(1) IN GENERAL.—There are authorized to be 
appropriated such sums as may be necessary to the 
Commission to carry out this title, but not more 
than $30,000,000. 
(2) AVAILABILITY.—Any sums appropriated 
under paragraph (1) shall remain available, without 
fiscal year limitation, until the earlier of— 
(A) the date on which such sums are ex-
pended; or 
(B) the date on which the Commission ter-
minates. 
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TITLE II—REGULATORY CUT-GO 
SEC. 201. CUT-GO PROCEDURES. 
(a) IN GENERAL.—Except as provided in section 
101(j)(2), section 202, or subsection (b) of this section, 
when an agency makes a new rule, the agency shall repeal 
rules or sets of rules of that agency classified by the Com-
mission under section 101(h)(4)(A)(ii), such that the an-
nual costs of the new rule to the United States economy 
is offset by such repeals, in an amount equal to or greater 
than the cost of the new rule, based on the regulatory cost 
reductions of repeal identified by the Commission. 
(b) ALTERNATIVE PROCEDURE.— 
(1) IN
GENERAL.—An agency may, alter-
natively, repeal rules or sets of rules of that agency 
classified 
by 
the 
Commission 
under 
section 
101(h)(4)(A)(ii) prior to the time specified in sub-
section (a). 
(2) APPLICATION OF REDUCTION OF COST.—If 
an agency repeals a rule or set of rules under para-
graph (1) and thereby reduces the annual, inflation- 
adjusted cost of the rule or set of rules to the 
United States economy, the agency may thereafter 
apply the reduction in regulatory costs, based on the 
regulatory cost reductions of repeal identified by the 
Commission, to meet, in whole or in part, the regu-
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latory cost reduction required under subsection (a) 
to be made at the time the agency promulgates a 
new rule. 
(c) ACHIEVEMENT
OF FULL NET COST REDUC-
TIONS.— 
(1) IN GENERAL.—Subject to the provisions of 
paragraph (2), an agency may offset the costs of a 
new rule or set of rules by repealing a rule or set 
of rules listed by the Commission under section 
101(h)(4)(A)(ii) that implement the same statutory 
authority as the new rule or set of rules. 
(2) LIMITATION.—When using the authority 
provided in paragraph (1), the agency shall achieve 
a net reduction in costs imposed by the body of rules 
of the agency (including the new rule or set of rules) 
that is equal to or greater than the cost of the new 
rule or set of rules to be promulgated, including, 
whenever necessary, by repealing additional rules of 
the agency listed by the Commission under section 
101(h)(4)(A)(ii). 
SEC. 202. APPLICABILITY. 
An agency shall no longer be subject to the require-
ments of sections 201 and 203 beginning on the date on 
which there is no rule or set of rules of the agency classi-
fied by the Commission under section 101(h)(4)(A)(ii) 
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that has not been repealed such that all regulatory cost 
reductions identified by the Commission to be achievable 
through repeal have been achieved. 
SEC. 203. OIRA CERTIFICATION OF COST CALCULATIONS. 
(a) IN GENERAL.—The Administrator shall review 
and certify the accuracy of agency determinations of the 
costs of new rules under section 201. 
(b) INCLUSION.—The certification described in sub-
section (a) shall be included in the administrative record 
of the relevant rulemaking by the agency promulgating the 
rule, and the Administrator shall transmit a copy of the 
certification to Congress when the Administrator trans-
mits the certification to the agency. 
TITLE III—RETROSPECTIVE 
REVIEW OF NEW RULES 
SEC. 301. PLAN FOR FUTURE REVIEW. 
(a) IN GENERAL.—When an agency makes a rule, the 
agency shall include in the final issuance of such rule a 
plan for the review of such rule by not later than 10 years 
after the date such rule is made. 
(b) REVIEW OF MAJOR RULES.—In the case of a 
major rule of an agency, the plan for review under sub-
section (a) shall be substantially similar to the review by 
the Commission under section 101(h). 
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(c) REVIEW OTHER RULES.—In the case of a rule 
of an agency other than a major rule, the plan for review 
under subsection (a) shall include other procedures and 
standards to enable the agency to determine whether to 
repeal or amend the rule to eliminate unnecessary regu-
latory costs to the economy. 
(d) PUBLIC COMMENT ON PLAN.—Whenever feasible, 
an agency shall include a proposed plan for review of a 
proposed rule under subsection (a) in the notice of pro-
posed rulemaking for the rule and shall receive public com-
ment on the plan. 
TITLE IV—JUDICIAL REVIEW; 
EFFECTIVE DATE 
SEC. 401. JUDICIAL REVIEW. 
(a) IMMEDIATE REPEALS.—Agency compliance with 
paragraphs (1) and (3) of section 101(j) shall be subject 
to judicial review under chapter 7 of title 5, United States 
Code. 
(b) CUT-GO PROCEDURES.—Agency compliance with 
title II shall be subject to judicial review under chapter 
7 of title 5, United States Code. 
(c) PLANS FOR FUTURE REVIEW.—Agency compli-
ance with section 301 shall be subject to judicial review 
under chapter 7 of title 5, United States Code. 
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SEC. 402. EFFECTIVE DATE. 
This Act and the amendments made by this Act shall 
take effect beginning on the date of enactment of this Act. 
Æ 
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