Regulatory Reform Legislation
Regulatory Accountability Act and Other Pending Measures
The Regulatory Accountability Act (H.R. 5) combines six previously passed reform minded bills to eliminate overly burdensome red tape and regulation in order to lift unnecessary burdens on hardworking Americans and to promote jobs, innovation, and economic growth. Major provisions of the legislation include: Title I: Regulatory Accountability Act Title I requires agencies to choose the lowest-cost rulemaking alternative that meets statutory objectives and requires greater opportunity for public input and vetting of critical information. Specifically, Title I modifies certain parts of the Administrative Procedure Act (APA) “to reform the process by which Federal agencies analyze and formulate new regulations…
