Regulatory Impact on Employment and Wages Act

Bill: 114-hr-6326
Sponsor: full_name: Rep. Walberg, Tim [R-MI-7]
Introduced: 2016-11-16
Policy area: Labor and Employment
Latest action: action_date: 2016-12-05
text: Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.

Summaries:
action_date: 2016-11-16
action_desc: Introduced in House
text: <p><b>Regulatory Impact on Employment and Wages Act</b></p> <p>This bill bars any major rule proposed by a federal agency on or after enactment of this bill from taking effect as a final rule until the Department of Labor, through the Bureau of Labor Statistics, conducts a study to determine how the rule will impact:</p> <ul> <li>wage growth (including for hourly and part-time workers) in each industry to which it is applicable, and </li> <li>employment in each such industry. </li> </ul> <p>The bill states that the requirement for conducting a study under this bill may not be fulfilled by a study that is conducted prior to this bill's enactment date, or conducted by another agency. </p>

tv_txt: I 114th CONGRESS 2d Session H. R. 6326 IN THE HOUSE OF REPRESENTATIVES November 16, 2016 Mr. Walberg introduced the following bill; which was referred to the Committee on the Judiciary A BILL To prohibit any new major rule from taking effect until the Secretary of Labor conducts a study to determine the impact of such rule on wages and employment.

1. Short title This Act may be cited as the Regulatory Impact on Employment and Wages Act . 2. Findings Congress finds the following: (1) The median wage in the United States is the same today as it was in 2007. (2) Since 2009, the average income of individuals making incomes in the top 1 percent grew by 11.2 percent in real terms, while individuals with incomes in the bottom 99 percent saw their incomes decrease by 0.4 percent. (3) Since 2009, the Administration has created over $600 billion in new regulatory costs related to major rules. (4) Federal regulations account for roughly $2 trillion in lost economic growth. (5) For every $1 billion in new regulatory costs, affected industry employment declines by 3.6 percent. (6) Regulatory costs disproportionally impact lower and middle income Americans the most with higher cost of goods, lower wages, and less economic opportunity. 3. Wage study No major rule proposed by a Federal agency on or after the date of enactment of this Act may take effect as a final rule, until the Secretary of Labor (acting through the Bureau of Labor Statistics)— (1) conducts a study to the determine the extent to which such rule will impact— (A) wage growth (including for hourly and part-time workers) in each industry to which such rule is applicable; and (B) employment in each such industry; (2) submits the results of such study to Congress; and (3) makes such study publicly available on the website of the Department of Labor. 4. Requirement regarding wage study The requirement to conduct a study under section 3 may not be fulfilled by a study conducted prior to the date of enactment of this Act, or conducted by another agency. 5. Definition In this Act, the term major rule has the meaning given the term in section 804 of title 5, United States Code.