Increased Congressional Oversight of Major Federal Agency Rules
This act aims to increase Congress's influence over significant decisions made by federal agencies. It means that major changes introduced by agencies, which could have a substantial impact on the economy or citizens' lives, will require Congressional approval before becoming law. This is intended to ensure greater transparency and accountability in the rulemaking process.
Key points
Major federal agency rules (e.g., those affecting the economy by over $100 million annually) will require Congressional approval before taking effect.
Agencies must provide detailed information, including cost-benefit analyses, for proposed rules before Congress considers them.
The act seeks to enhance citizens' control over how federal agencies impact their lives through new regulations.
Status:
Introduced
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