Requires disclosure of funding sources for studies or research submitted in comments to proposed federal rules.
Limits the use of negotiated rulemaking to government agencies only.
Codifies the Chevron doctrine, allowing courts to defer to agency interpretations of ambiguous laws.
Establishes an Office of the Public Advocate to enhance public participation in rulemaking.
Imposes a civil penalty on public companies for false or misleading comments on proposed rules, starting at $250,000 for a first violation and $1 million for subsequent violations.
Grants agencies the power to reissue rules rescinded under the Congressional Review Act, either directly within one year of enactment or through notice-and-comment rulemaking procedures thereafter.