Press Release
House Passes Bill to Improve Transparency of Unfunded Mandates
H.R. 50 will:
§ close loopholes in UMRA and require more comprehensive cost estimates
§ extend UMRA requirements, including cost-benefit analyses, to independent regulatory agencies
§ codify principles of regulation in Executive Order 12866, as well as cost-benefit analysis, which were reaffirmed by President Obama in Executive Order 13563
§ require agencies to conduct UMRA analyses, regardless of whether they issued a notice of proposed rulemaking, closing a loophole that allowed ...