Increased Transparency in Rulemaking: Ending Hidden Corporate Influence.
This act significantly increases transparency in the federal rulemaking process by forcing companies to disclose the funding sources of scientific and economic studies they use to influence agencies. It establishes an Office of the Public Advocate to help citizens participate in the regulatory process and ensure new rules promote social equity. The goal is to ensure regulatory decisions are based on objective data rather than hidden corporate interests.
Key points
Companies must disclose the funding sources of scientific and economic research submitted to agencies to prevent hidden conflicts of interest.
Establishes the Office of the Public Advocate to help citizens understand and participate in rulemaking and assess the social equity impact of proposed rules.
Agencies must publicly explain why they withdraw proposed rules and detail any changes made following input from other federal officials.
Publicly traded companies face substantial civil penalties (starting at $250,000) for submitting false or misleading information during the rulemaking process.
Agencies must consider non-quantifiable benefits (like public health) and the social equity impact of regulations, not just costs to the industry.
Status:
Expired
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