Reclaim the Reins Act

Summary

Provides $20 million in FY2025 Treasury funding (two $10 million appropriations) to OMB and the Comptroller General to implement expanded reporting, review, and transparency requirements for federal agency rules. Requires agencies to include detailed budget, cost, job, inflation, legal-authority, and source information in the reports they already send to Congress and gives GAO (with CBO for "major" determinations) a new, time‑bound role to decide whether an agency action is a "rule" or a "major rule."

• Appropriates $20 million for FY2025 (two $10M allotments) for OMB and the Comptroller General to implement new reporting and review requirements.
• Requires agencies to expand the contents of reports sent to Congress about covered rules, adding budget, cost, job, inflation, source, and legal-authority information.
• Mandates industry-level job impact estimates by NAICS and a public/private sector breakdown for covered rules.
• Directs the OIRA Administrator to state whether a rule is "major" and to address each statutory criterion used to define a major rule.
• Allows a Member of Congress to request GAO determinations on whether an agency action is a "rule" (60 days) and, with CBO, whether it is a "major rule" (90 days).
• GAO/CBO determinations count as the agency report under the relevant reporting provision, creating a formalized congressional review path.
• The bill substantively amends the statutory reporting framework by inserting new text into 5 U.S.C. § 808, expanding existing law.
• Funds are available through September 30, 2034, giving a multi‑year window to implement staffing, tools, or analytic changes.
• Likely increases agency analytic burden and may slow or change rulemaking practice, while improving transparency for Congress and stakeholders.