Unfunded Mandates Accountability Act of 2011

Bill: 112-hr-2964
Sponsor: Rep. Yoder, Kevin [R-KS-3]
Introduced: 2011-09-15 in the House
Policy area: Government Operations and Politics
Subjects: Administrative law and regulatory procedures
Economic performance and conditions
Federal Reserve System
Government information and archives
Judicial review and appeals
Monetary policy
Unemployment

Summary:
action_date: 2011-09-15
text: 
Unfunded Mandates Accountability Act of 2011 - Amends the Unfunded Mandates Reform Act of 1995 to: (1) require regulatory impact analyses for rules that do not involve a legislative mandate and for final rules that do not have a prior notice of proposed rulemaking; (2) require federal agencies to prepare and publish in the Federal Register an initial and final regulatory impact analysis prior to promulgating any proposed or final rule that may have an annual effect on the economy of $100 million or more or that may result in the expenditure of $100 million or more in any one year by state, local, and tribal governments; (3) require such agencies to identify and consider regulatory alternatives before promulgating any proposed or final rule and select the least costly, most cost-effective, or least burdensome alternative; (4) define &quot;cost&quot; as the cost of compliance and any reasonably foreseeable indirect cost resulting from agency rulemaking; (5) exempt rules concerning monetary policy proposed or implemented by the Board of Governors of the Federal Reserve System or the Federal Open Market Committee from provisions of such Act relating to regulatory accountability and reform, review of federal mandates, and judicial review; and (6) expand provisions relating to judicial review of regulatory impact analyses.
 
Amends the Congressional Budget and Impoundment Control Act of 1974 to require independent regulatory agencies to conduct regulatory impact analyses.


Legislative actions:
action_date: 2011-10-03
text: Referred to the Subcommittee on Technology, Information Policy, Intergovernmental Relations and Procurement Reform     .
action_date: 2011-09-23
text: Referred to the Subcommittee on Courts, Commercial and Administrative Law.
action_date: 2011-09-15
text: Referred to the Committee on Oversight and Government Reform, and in addition to the Committees on the Judiciary, Rules, and the Budget, 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.
action_date: 2011-09-15
text: Referred to the Committee on Oversight and Government Reform, and in addition to the Committees on the Judiciary, Rules, and the Budget, 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.
action_date: 2011-09-15
text: Referred to the Committee on Oversight and Government Reform, and in addition to the Committees on the Judiciary, Rules, and the Budget, 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.
action_date: 2011-09-15
text: Referred to the Committee on Oversight and Government Reform, and in addition to the Committees on the Judiciary, Rules, and the Budget, 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.
action_date: 2011-09-15
text: Introduced in House
action_date: 2011-09-15
text: Introduced in House
action_date: 2011-09-14
text: Sponsor introductory remarks on measure. (CR H6150-6151)