Title: Reset Act of 2017
Policy area: Government Operations and Politics

Summary:
Reset Act of 2017
This bill requires the Government Accountability Office (GAO) to conduct a study to determine as of the date of enactment of this bill: (1) how many rules were in effect, (2) how many major rules were in effect, and (3) the total estimated economic cost imposed by all such rules. The GAO must report to Congress on such study within one year of the enactment of this bill.
Once the GAO issues such report, the bill applies the Congressional Review Act to major rules that are in effect on this bill's enactment. Thus, 		Congress may nullify an existing rule through a joint resolution of disapproval that receives a majority vote in both chambers.

[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3442 Introduced in House (IH)]

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115th CONGRESS
  1st Session
                                H. R. 3442

To provide for a study and reconsideration by Congress of certain major 
                     rules, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 27, 2017

   Mr. Budd introduced the following bill; which was referred to the 
   Committee on the Judiciary, and in addition to the Committees on 
    Oversight and Government Reform, and Rules, for a period to be 
subsequently determined by the Speaker, in each case for consideration 
  of such provisions as fall within the jurisdiction of the committee 
                               concerned

_______________________________________________________________________

                                 A BILL


 
To provide for a study and reconsideration by Congress of certain major 
                     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 ``Reset Act of 2017''.

SEC. 2. GOVERNMENT ACCOUNTABILITY OFFICE STUDY OF RULES.

    (a) In General.--The Comptroller General of the United States shall 
conduct a study to determine, as of the date of the enactment of this 
Act--
            (1) how many rules (as such term is defined in section 804 
        of title 5, United States Code) were in effect;
            (2) how many major rules (as such term is defined in 
        section 804 of title 5, United States Code) were in effect; and
            (3) the total estimated economic cost imposed by all such 
        rules.
    (b) Report.--Not later than 1 year after the date of the enactment 
of this Act, the Comptroller General of the United States shall submit 
a report to Congress that contains the findings of the study conducted 
under subsection (a).

SEC. 3. MAJOR RULES CURRENTLY IN EFFECT.

    In the case of any major rule (as such term is defined in section 
804 of title 5, United States Code) that is in effect on the date of 
enactment of this Act, for purposes of chapter 8 of title 5, United 
States Code, the rule shall be deemed to be a major rule for which a 
report was submitted under section 801(a)(1) of such title on the date 
the report under section 2 is submitted, and the provisions of such 
chapter shall apply for purposes of providing for a period of review in 
which a joint resolution of disapproval may be enacted.
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