Federal Agency Accountability: Mandatory Testimony and Retrospective Rule Review.
This bill strengthens Congressional oversight by requiring federal officials to testify about new major regulations and Senate-confirmed nominations. Crucially, it mandates that agencies review the actual costs and benefits of major rules five years after implementation, ensuring regulations are effective and justified. Citizens benefit indirectly from increased transparency in the regulatory process.
Key points
Officials responsible for issuing major federal regulations must testify before Congress to explain the rule's impact.
Agencies must conduct a retrospective analysis after 5 years to compare the rule's actual costs and benefits with initial estimates.
Failure by agency officers to provide timely, substantive responses to specific Congressional inquiries can result in mandatory testimony or a salary reduction to $1.
Expired
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