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Increased Transparency and Oversight for New Regulations' Costs

This act aims to enhance transparency and accountability in the federal government's rulemaking process. It mandates economic and social impact analyses for significant regulations, helping citizens better understand their consequences. Government agencies will be required to more thoroughly assess costs and benefits and consult with citizens and businesses before new rules are implemented.
Key points
Major new regulations (with significant economic impact) will require detailed cost-benefit analyses before implementation.
Government agencies must consult with citizens, businesses (including small businesses), and state/local governments early in the rulemaking process.
Judicial review is introduced to ensure agencies properly conduct required analyses and consultations.
The Office of Information and Regulatory Affairs (OIRA) gains increased authority to oversee and ensure agency compliance with new requirements.
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Expired
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Additional Information
Print number: 117_HR_701
Sponsor: Rep. Foxx, Virginia [R-NC-5]
Process start date: 2021-02-02
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Unfunded Mandates Accountability and Transparency Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_701.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-02-02.

What are the main provisions?

Key points include:

  • Major new regulations (with significant economic impact) will require detailed cost-benefit analyses before implementation.
  • Government agencies must consult with citizens, businesses (including small businesses), and state/local governments early in the rulemaking process.
  • Judicial review is introduced to ensure agencies properly conduct required analyses and consultations.
  • The Office of Information and Regulatory Affairs (OIRA) gains increased authority to oversee and ensure agency compliance with new requirements.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Foxx, Virginia [R-NC-5].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Courts and Law Economy Local Government