Sponsors (2)
The bill increases transparency and aims to lower short‑term regulatory costs by forcing monetized benefit–cost analysis, but it raises legal uncertainty and risks weakening protections for health, the environment, equity, and long‑term public benefits.
Small businesses and taxpayers may face lower compliance costs and potentially lower prices because agencies will prioritize rules with clear, quantifiable monetary benefits and minimize unnecessary regulatory costs.
Taxpayers and regulated parties gain greater transparency because agencies must publish full benefit–cost and regulatory impact analyses with each rule, making rulemaking easier to review and understand.
Small businesses and taxpayers receive stronger legal recourse because courts can invalidate rules that rely on unquantified factors, giving affected parties a clearer path to challenge opaque rulemaking.
Taxpayers, workers, and communities could face weaker protections for health, safety, the environment, and equity because the bill de‑emphasizes non‑monetized benefits and may cause agencies to ignore or delay rules with important qualitative or long‑term benefits (e.g., climate, public health).
Small businesses, state governments, and taxpayers may face substantial legal uncertainty and higher litigation risk because stakeholders can challenge agency benefit calculations and courts may invalidate rules retroactively back to Nov 9, 2023.
Taxpayers and agencies may incur higher administrative and compliance costs and slower rulemaking because preparing and publishing detailed analyses for every rule increases agency burden and procedural complexity.
Based on analysis of 4 sections of legislative text.
Limits agencies and OMB to using only monetized, quantified benefits in regulatory analyses, requires full publication of analyses, and allows courts to invalidate rules that relied on non‑monetized factors.
Introduced January 21, 2025 by Pete Sessions · Last progress January 21, 2025
Requires federal agencies and the Office of Management and Budget to use only monetized, quantified benefits when doing regulatory benefit‑cost and regulatory impact analyses and forbids reliance on non‑monetized or unquantified factors. Agencies must publish full analyses and methods with each rule, OMB must issue revised guidance within 90 days, and courts may invalidate rules that relied on non‑monetized factors; the changes take effect 30 days after enactment and apply to rules issued on or after Nov. 9, 2023.