Sponsors (2)
The bill increases emphasis on monetized, transparent benefit–cost analysis to reduce regulatory burdens and improve scrutiny, but risks sidelining non‑monetary public protections and raising litigation and agency compliance costs.
Taxpayers and small-business owners would face fewer or less costly regulations because agencies are required to prioritize rules with measurable monetary benefits, potentially lowering compliance and indirect costs.
State and local governments, businesses, and the public gain greater transparency because agencies must publish full texts, methodologies, and summaries of benefit–cost and regulatory impact analyses, improving oversight and planning.
Individuals and businesses obtain clearer standards and additional legal recourse because the bill enables challenges to rules that rely on non‑monetized or unquantified factors, encouraging analytic discipline.
Taxpayers, workers, and communities could lose protections because health, safety, environmental, and distributional benefits that are hard to monetize may be undervalued or excluded from decisionmaking, increasing long‑term risks (e.g., pollution, health harms).
Federal agencies, state and local governments, and regulated entities may face more litigation, rule challenges, and potential invalidations as agencies reinterpret cost–benefit frameworks, producing regulatory uncertainty and delays in implementing protections.
People affected by complex or novel harms risk misrepresentation of those harms because requiring monetization can force agencies to rely on weak or speculative dollar estimates rather than robust non‑monetary evidence.
Based on analysis of 4 sections of legislative text.
Requires agencies and OMB to use only monetized, quantified benefits and costs in regulatory analyses, mandates publication of methods/data, and creates a private right to sue for noncompliance.
Introduced January 21, 2025 by Pete Sessions · Last progress January 21, 2025
Requires federal agencies and the Office of Management and Budget (OMB) to use only monetized, quantified benefits and costs when preparing regulatory impact analyses and benefit–cost analyses, bans consideration of non‑monetized or unquantified factors, forces public posting of analysis materials, and creates a private right to sue to invalidate rules that rely on non‑monetized or unquantified factors. It also requires OMB to issue revised guidance within 90 days and makes the changes effective 30 days after the law is enacted, with the private‑suit provision covering rules issued on or after November 9, 2023. The change tightens what counts as allowable evidence in federal rulemaking, increases documentation and publication requirements for agencies, alters OMB review authority, and creates new litigation risk for rules that rely on qualitative or unquantified benefits (for example, many environmental, health, safety, equity, and other public‑interest impacts).