Title: THRIVE Act
Policy area: Government Operations and Politics

Summary:
Terminating Heavy Regulations to Invigorate a Vibrant Economy Act or the THRIVE Act
This bill exempts from congressional review specified deregulatory rules (e.g., final rules with total costs less than zero that reduce costs by repealing or revising an existing rule).

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 8788 Introduced in House (IH)]

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116th CONGRESS
  2d Session
                                H. R. 8788

To amend title 5, United States Code, to exempt deregulatory rule from 
       congressional review requirements, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           November 19, 2020

Mr. Loudermilk (for himself, Mr. Allen, and Mr. Flores) introduced the 
  following bill; which was referred to the Committee on the Judiciary

_______________________________________________________________________

                                 A BILL


 
To amend title 5, United States Code, to exempt deregulatory rule from 
       congressional review requirements, 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 ``Terminating Heavy Regulations to 
Invigorate a Vibrant Economy Act'' or the ``THRIVE Act''.

SEC. 2. CONGRESSIONAL REVIEW ACT DEREGULATORY RULE EXEMPTION.

    (a) In General.--Chapter 8 of title 5, United States Code (commonly 
known as the ``Congressional Review Act''), is amended--
            (1) in section 804, by adding at the end the following:
            ``(4) Deregulatory action.--The term `deregulatory rule'--
                    ``(A) means a rule that has been finalized by the 
                promulgating agency and has total costs less than zero;
                    ``(B) includes a rule that--
                            ``(i) repeals or revises an existing rule; 
                        and
                            ``(ii) is cost saving as determined by the 
                        promulgating agency for purposes of the total 
                        incremental cost allowance; and
                    ``(C) includes a rule promulgated pursuant to an 
                informal, formal, or negotiated rulemaking.
            ``(5) Total incremental allowance.--The term `total 
        incremental allowance' means the total amount of incremental 
        costs that may be allowed for each agency in issuing new 
        regulations and repealing regulations for the next fiscal 
        year.''; and
            (2) by inserting after section 807 the following:
``Sec. 807A. Deregulatory rule exemption
    ``Nothing in this chapter shall apply to any deregulatory rule.''.
    (b) Clerical Amendment.--The table of sections for chapter 8 of 
title 5, United States Code, is amended by inserting after the item 
relating to section 807 the following:

``807A. Deregulatory rule exemption.''.

SEC. 3. DEFINITION OF RULE.

    Section 551(4) of title 5, United States Code, is amended--
            (1) by striking ``means'' and inserting the following: ``--
                    ``(A) means'';
            (2) by striking ``foregoing;'' and inserting ``foregoing; 
        and''; and
            (3) by adding at the end the following:
                    ``(B) includes guidance documents;''.
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