Sponsors (2)
The bill increases transparency, standardization, and potential short‑term regulatory relief for businesses by forcing quantifiable economic analysis, but at the cost of sidelining non‑monetized health, environmental, and equity considerations and raising litigation and administrative burdens that can delay or weaken protections.
Taxpayers, small-business owners, and regulated parties: agencies must publish full economic analyses and methodologies with proposed/final rules, increasing transparency and predictability about regulatory trade-offs.
Federal employees, state governments, and regulated parties: definitions and analytical standards are standardized across agencies (by referencing updated OMB guidance), promoting consistency and clearer legal/administrative expectations.
Small-business owners and consumers/taxpayers: by favoring rules with measurable financial gains, agencies may reduce compliance burdens and lower costs, potentially translating into lower prices or fewer regulatory costs for small firms.
Taxpayers and the public: the bill bans or devalues use of non‑monetized/unquantified factors, which risks excluding important health, safety, environmental, and equity harms from agency decisionmaking and thereby weakening protections.
Federal agencies, regulated parties, and the public: the new analytical requirements create substantial litigation risk and the possibility of rule vacatur, which could delay or nullify regulatory protections and raise legal and compliance costs.
Small-business owners, consumers, and disadvantaged groups: prioritizing easily monetized private‑sector gains can skew policymaking away from equity, consumer protections, and other non‑market values.
Based on analysis of 4 sections of legislative text.
Introduced January 17, 2025 by Joni Ernst · Last progress January 17, 2025
Requires federal agencies to rely only on monetized, quantified benefits and costs when performing regulatory impact analyses or benefit–cost analyses, bans consideration of non‑monetized or unquantified factors, and mandates publication of full analytic methods and results in the Federal Register. It directs the Office of Management and Budget to issue implementing guidance within 90 days and creates a private right of action authorizing courts to invalidate final or interim final rules that relied on non‑monetized or unquantified factors for rules issued on or after November 9, 2023; the statutory amendments take effect 30 days after enactment.