Reset Act of 2017

Bill: 115-hr-3442
Sponsor: full_name: Rep. Budd, Ted [R-NC-13]
Introduced: 2017-07-27
Policy area: Government Operations and Politics
Subjects: Administrative law and regulatory procedures

Congressional oversight

Economic performance and conditions

Government studies and investigations
Latest action: action_date: 2017-09-06
text: Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.

Summaries:
action_date: 2017-07-27
action_desc: Introduced in House
text: <p><b>Reset Act of 2017</b></p> <p>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. </p> <p>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.</p>

tv_txt: I 115th CONGRESS 1st Session H. R. 3442 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.

1. Short title This Act may be cited as the Reset Act of 2017 . 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). 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.