Congressional Budget Office Cost Estimate: H.R. 2122, Regulatory Accountability Act of 2013   [open pdf - 36KB]

This is the Congressional Budget Office (CBO) Cost Estimate as ordered reported by the House Committee on the Judiciary on July 24, 2013. From the Summary: "H.R. 2122 would amend the Administrative Procedures Act (APA), which is the law that governs how federal agencies propose and establish regulations. Enacting this legislation would codify many practices aimed at increasing regulatory transparency and accountability that are currently required under several executive orders. However, this legislation also would impose some new requirements on federal agencies related to the rulemaking process and would extend some of the current requirements under the executive orders to additional federal agencies. Except for changes permitting judicial review for compliance with the Information Quality Act (enacted as part of the Consolidated Appropriations Acts, 2001 [Public Law 106-554]), the changes contained in this legislation would not apply to any rulemaking pending or completed on the date of enactment. CBO estimates that implementing H.R. 2122 would cost about $70 million over the 2014-2018 period, assuming appropriation of the necessary funds. Such funding would cover the government-wide costs of additional personnel, contractor costs, and other administrative expenses associated with meeting the new requirements under the legislation."

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