Regulation Costs to America Act

Bill: 113-s-536
Sponsor: full_name: Sen. Rubio, Marco [R-FL]
Introduced: 2013-03-12
Policy area: Government Operations and Politics
Subjects: Administrative law and regulatory procedures

Congressional oversight

Economic performance and conditions
Latest action: action_date: 2013-03-12
text: Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

Summaries:
action_date: 2013-03-12
action_desc: Introduced in Senate
text: <p>Regulation Costs to America Act - Directs the Comptroller General (GAO) to: (1) conduct an annual study of the total costs of federal regulations; and (2) report to Congress on the findings, including an estimate of the total annual costs of federal regulations by agency.</p>

tv_txt: II 113th CONGRESS 1st Session S. 536 IN THE SENATE OF THE UNITED STATES March 12, 2013 Mr. Rubio introduced the following bill; which was read twice and referred to the Committee on Homeland Security and Governmental Affairs A BILL To require a study and report by the Comptroller General of the United States regarding the costs of Federal regulations.

1. Short title This Act may be cited as the Regulation Costs to America Act . 2. GAO study on the cost of federal regulations (a) In general The Comptroller General of the United States shall conduct an annual study of the total costs of Federal regulations. (b) Requirement In conducting the study required under subsection (a), the Comptroller General of the United States shall use a methodology substantially similar to the methodology used in conducting the study described in the report entitled The Impact of Regulatory Costs on Small Firms (September 2010), prepared on behalf of the Office of Advocacy of the Small Business Administration. (c) Report Not later than 1 year after the date of enactment of this Act, and every year thereafter, the Comptroller General of the United States shall submit to Congress a report on the findings of the study conducted under subsection (a), which shall include an estimate of the total annual costs of Federal regulations by agency, as such term is defined in section 551 of title 5, United States Code. (d) Funding The General Accountability Office shall carry out this section using unobligated funds otherwise made available to the General Accountability Office. (e) Sense of Congress It is the sense of Congress that no additional funds should be made available to carry out this section.