Cost-Benefit and Regulatory Transparency Enhancement Act of 2013

Cost-Benefit and Regulatory Transparency Enhancement Act of 2013 - Requires the head of a federal agency, after completing any cost-benefit or regulatory impact analysis used to promulgate rules or guidelines or to determine administrative actions, to: (1) submit to relevant congressional committees a report on the result of and methods used to calculate the cost-benefit or regulatory impact analysis, and (2) publish such report in the Federal Register.

[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2593 Introduced in House (IH)]

113th CONGRESS
  1st Session
                                H. R. 2593

To require reports on the results of and methods used to calculate any 
  cost-benefit or regulatory impact analysis, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             June 28, 2013

Mr. Hunter (for himself and Mr. Rahall) introduced the following bill; 
which was referred to the Committee on Oversight and Government Reform, 
 and in addition to the Committee on the Judiciary, for a period to be 
subsequently determined by the Speaker, in each case for consideration 
  of such provisions as fall within the jurisdiction of the committee 
                               concerned

_______________________________________________________________________

                                 A BILL


 
To require reports on the results of and methods used to calculate any 
  cost-benefit or regulatory impact analysis, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Cost-Benefit and Regulatory 
Transparency Enhancement Act of 2013''.

SEC. 2. COST-BENEFIT AND REGULATORY IMPACT REPORT REQUIREMENT.

    (a) In General.--As soon as practicable after the completion by an 
agency of any cost-benefit or regulatory impact analysis used to 
promulgate rules or guidelines or to determine administrative actions, 
the head of the agency, in consultation with the Director of the Office 
of Management and Budget--
            (1) shall submit to the relevant committees of the House of 
        Representatives and the Senate a report on the result of and 
        methods (including any key method) used to calculate the cost-
        benefit or regulatory impact analysis; and
            (2) shall publish such report in the Federal Register.
    (b) Interim Period.--
            (1) In general.--Any cost-benefit or regulatory impact 
        analysis that is the subject of a report submitted pursuant to 
        subsection (a) may not be finalized during the 60-day period 
        starting on the date of submission of the report.
            (2) Waiver authority.--The head of the agency concerned may 
        waive the 60-day period described in paragraph (1) in an 
        emergency situation.
    (c) Valuation of Benefits.--During the 60-day period described in 
subsection (b)(1), the potential benefits of each cost-benefit or 
regulatory impact analysis shall be appropriately informed through the 
following:
            (1) An opportunity for public comment on the results of the 
        cost-benefit or regulatory impact analysis.
            (2) Agency consideration of public comments.
            (3) A summary of public comments and agency responses in 
        the Federal Register.
    (d) Definitions.--In this section:
            (1) Agency.--The term ``agency'' has the meaning given that 
        term in section 551 of title 5, United States Code, except that 
        the term does not include an independent regulatory agency as 
        defined by section 3502(5) of title 44, United States Code.
            (2) Key method.--The term ``key method'' includes any 
        method that determines the social cost of carbon.
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