Regulatory Sunset and Review Act of 1995
Regulatory Sunset and Review Act of 1995 - Terminates the effectiveness of certain covered significant rules according to specified timetables unless they are reviewed, according to specified procedures, by the Administrator of the Office of Information and Regulatory Affairs in the Office of Management and Budget (or, in the case of a Federal banking agency, the head of that agency). Defines "significant rule" as: (1) one that has resulted in, or is likely to result in, an annual effect on the economy of $100 million or more; (2) a major rule; or (3) a rule issued pursuant to a significant regulatory action.
Provides for petitions by adversely affected persons, and requests by congressional committees, for sunset review of non-significant rules.
Provides for judicial review of denial of such petitions (but not of such congressional requests).
Details the criteria for sunset reviews as well as sunset review procedures, termination dates for covered rules, and agency sunset reviews, notices, and reports.
Mandates termination: (1) of existing significant rules in four years, five years, six years, or seven years after enactment of this Act, as specified by the Administrator; and (2) of new significant rules either three years or seven years after issuance, depending on specified circumstances.
Requires the head of each Federal agency to designate an agency Regulatory Review Officer who shall be responsible for the implementation of this Act and report directly to the agency head and the Administrator with respect to that responsibility.
Rules Committee Resolution H. Res. 368 Reported to House. Rule provides for consideration of H.R. 994 with 1 hour of general debate. Previous question shall be considered as ordered except motion to recommit. Upon adoption of this resolution, it shall be in order to consider the bill in the Committee of the Whole. Bill is open to amendments. In lieu of the amendments recommended by the Committee on Government Reform now printed in the bill, it shall be in order to consider as an original bill for the purpose of amendment the amendment in the nature of a substitute printed in the Congressional Record of March 1, 1996 as No. 1. Specified points of order against the substitute shall be waived. Additional amendments printed in the Congressional Record shall have priority for consideration. Upon passage of the bill, the previous House action on S. 219 shall be vacated. It shall be in order to take S. 219 from the Speaker's table and consider the bill in the House. It shall be in or...