Regulations from the Executive in Need of Scrutiny Act of 2023
Regulations from the Executive in Need of Scrutiny Act of 2023
This bill revises provisions relating to congressional review of agency rulemaking.
Specifically, the bill establishes a congressional approval process for a major rule. A major rule may only take effect if Congress approves the rule. A major rule is a rule that has resulted in or is likely to result in (1) an annual effect on the economy of $100 million or more; (2) a major increase in costs or prices for consumers, individual industries, government agencies, or geographic regions; or (3) significant adverse effects on competition, employment, investment, productivity, innovation, or the ability of U.S.-based enterprises to compete with foreign-based enterprises.
The bill generally preserves the current congressional review process for a nonmajor rule.
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 9.