"This report examines debates over what constitutes an unfunded federal mandate and UMRA's [Unfunded Mandates Reform Act] implementation. It focuses on UMRA's requirement that CBO [Congressional Budget Office] issue written cost estimate statements for federal mandates in legislation, its procedures for raising points of order in the House and Senate concerning unfunded federal mandates in legislation, and its requirement that federal agencies prepare written cost estimate statements for federal mandates in rules. It also assesses UMRA's impact on federal mandates and arguments concerning UMRA's future, focusing on UMRA's definitions, exclusions, and exceptions that currently exempt many federal actions with potentially significant financial impacts on nonfederal entities."
CRS Report for Congress, R40957
Federation of American Scientists: http://www.fas.org/sgp/crs/index.html