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Unfunded Mandates Accountability and Transparency Act: Controlling Regulatory Costs

This act requires federal agencies to conduct detailed cost-benefit analyses before implementing major new regulations. It aims to protect citizens and businesses from hidden costs and ensures that new rules provide the maximum possible benefit.
Key points
Mandatory economic impact analysis for any rule with an annual effect of $100 million or more.
Agencies must choose the regulatory alternative that maximizes net benefits for the public.
Increased consultation with small businesses and local governments early in the rulemaking process.
Citizens can challenge major rules in court if the required financial impact studies were not performed.
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Status:
Introduced
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Additional Information
Unfunded Mandates Accountability and Transparency Act of 2026
Print number: S 4151
Sponsor: Sen. Fischer, Deb [R-NE]
Process start date: 2026-03-19