LIBERTY Act

Bill: 118-hr-3770
Sponsor: full_name: Rep. Joyce, David P. [R-OH-14]
Introduced: 2023-05-31
Policy area: Commerce
Latest action: action_date: 2023-05-31
text: Referred to the House Committee on the Judiciary.

Summaries:

tv_txt: I 118th CONGRESS 1st Session H. R. 3770 IN THE HOUSE OF REPRESENTATIVES May 31, 2023 Mr. Joyce of Ohio (for himself and Mr. Golden of Maine ) introduced the following bill; which was referred to the Committee on the Judiciary A BILL To amend the definition of section 804 of title 5.

1. Short title This Act may be cited as the Limiting the Intrusive Bureaucracy and Empowering Regulatory Transparency for You Act or the LIBERTY Act . 2. Congressional review of agency rulemaking Section 804 of title 5, United States Code, is amended to read as follows: 804. Definitions For purposes of this chapter: (1) The term Federal agency means any agency as that term is defined in section 551(1). (2) The term major rule — (A) means any rule that the Administrator of the Office of Information and Regulatory Affairs of the Office of Management and Budget finds has resulted in or is likely to result in— (i) an annual effect on the economy of $100,000,000 or more; (ii) a major increase in costs or prices for consumers, individual industries, Federal, State, or local government agencies, or geographic regions; or (iii) significant adverse effects on competition, employment, investment, productivity, innovation, or on the ability of United States-based enterprises to compete with foreign-based enterprises in domestic and export markets; and (B) includes significant guidance documents. (3) The term rule — (A) has the meaning given such term in section 551, except that such term does not include (except as otherwise provided in subparagraph (B))— (i) any rule of particular applicability, including a rule that approves or prescribes for the future rates, wages, prices, services, or allowances therefor, corporate or financial structures, reorganizations, mergers, or acquisitions thereof, or accounting practices or disclosures bearing on any of the foregoing; (ii) any rule relating to agency management or personnel; or (iii) any rule of agency organization, procedure, or practice that does not substantially affect the rights or obligations of non-agency parties; and (B) includes guidance documents. (4) The term guidance document means a statement of general applicability and future effect, other than a regulatory action, issued by a Federal agency that sets forth— (A) a policy on a statutory, regulatory, or technical issue; or (B) an interpretation of a statutory or regulatory issue. (5) The term significant guidance document — (A) means a guidance document disseminated to regulated entities or the general public that may reasonably be anticipated to— (i) lead to an annual effect of $100,000,000 or more, or adversely affect in a material way the economy, a sector of the economy, productivity, competition, employment, the environment, public health or safety, or State, local, or Tribal governments or communities; (ii) create a serious inconsistency, or otherwise interfere, with an action taken or planned by another Federal agency; (iii) materially alter the budgetary impact of any entitlement, grant, user fees, or loan programs, or the rights or obligations of recipients thereof; or (iv) raise novel legal or policy issues arising out of legal mandates; and (B) does not include any guidance document— (i) on regulations issued in accordance with section 556 or 557; (ii) that pertains to a military or foreign affairs function of the United States, other than procurement regulations and regulations involving the import or export of non-defense articles and services; or (iii) on regulations that are limited to the organization, management, or personnel matters of a Federal agency. . 3. Definition of rule to include significant guidance document for purposes of rulemaking Section 551(4) of title 5, United States Code, is amended by inserting before the semicolon the following: , as well as significant guidance document (as such term is defined in section 804(5)) .