On July 18, 2013, the House Committee on the Judiciary,
Subcommittee on Regulatory Reform, Commercial and Antitrust Law passed H.R.
2122 (S.
1029), the Regulatory
Accountability Act of 2013, by voice vote.
The bill will now go to the full committee.
H.R. 2122 would update the Administrative Procedures Act to
reform how agencies promulgate regulations. In particular, H.R. 2122 codifies some of the core requirements
of Executive Orders (EOs) 12866 and 13563, which establish guidelines for
federal agency rulemaking. This includes requiring cost benefit analysis
and greater input from the regulated community early in the rulemaking process for
high-impact regulations. Committee Chairman Bob Goodlatte’s (R-VA) opening statement
on the bill emphasized the need for the reforms given the impact costly
regulations have on job growth and the economy.
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