Regulatory Right-to-Know Act of 1999
| Date | Chamber | What was voted on | Result | Yes–No | |
|---|---|---|---|---|---|
| Jul 26, 1999 | House · vote #336 | On Passage | Passed | 254–157 | See who voted → |
Requires the accounting statement, at a minimum, to: (1) cover expected costs and benefits for the fiscal year for which the statement is submitted and the four following fiscal years; (2) cover previously expected costs and benefits for the two preceding fiscal years, or the most recent revision of such costs and benefits; and (3) with respect to each major rule, include the estimates of costs and benefits for each of the fiscal years referred to that were included in the regulatory impact analysis that was prepared for such major rule.
Prohibits the application of certain requirements under this Act with respect to the first and second accounting statements.
Requires the Director to: (1) issue guidelines to agencies to standardize most plausible measures of costs and benefits, the means of gathering information used to prepare the accounting statements under this Act, including information required for impact analyses, and the format of information provided for accounting statements, including summary tables; and (2) review agency submissions for consistency with such guidelines.
Requires the Director: (1) before submitting the statement and report and before preparing final guidelines, to provide public notice and an opportunity to comment and to consult with the Director of the Congressional Budget Office; and (2) to include an appendix to the report or guidelines, respectively, addressing public and peer review comments.
Directs the Director to arrange for two or more persons that have nationally recognized expertise in regulatory analysis and regulatory accounting to provide peer review of each accounting statement and associated report and the guidelines before such statement, report, or guidelines are final. Requires the Director to ensure that: (1) the persons that provide peer review are fairly balanced with respect to the points of view represented; (2) no such person has a conflict of interest that is relative to the functions to be performed in the review; and (3) the comments provided by those persons are not inappropriately influenced by any special interest and are the result of independent judgment.
Received in the Senate and read twice and referred to the Committee on Governmental Affairs.