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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (5)

Popular Titles

Contract with America bill (Identified by CRS)
Regulatory Overhaul bill (Identified by CRS)

Short Titles

Short Titles - Senate

Short Titles as Reported to Senate

Comprehensive Regulatory Reform Act of 1995

Short Titles as Introduced

Comprehensive Regulatory Reform Act of 1995

Official Titles

Official Titles - Senate

Official Titles as Introduced

A bill to reform the regulatory process, and for other purposes.


Actions Overview (3)

Date
05/26/1995By Senator Roth for Senator Hatch from Committee on Judiciary filed written report. Report No. 104-90. Additional and supplemental views filed.
05/26/1995Committees on Governmental Affairs; Judiciary. Jointly reported to Senate by Senator Roth with amendments in the nature of a substitute. With written report No. 104-89. Additional views filed.
02/02/1995Introduced in Senate

All Actions (131)

Date
07/20/1995Third cloture on the substitute amendment (SP 1487) not invoked in Senate by Yea-Nay Vote. 58-40. Record Vote No: 315.
Action By: Senate
07/20/1995S.Amdt.1789 Considered by Senate.
Action By: Senate
07/20/1995S.Amdt.1786 Considered by Senate.
Action By: Senate
07/20/1995S.Amdt.1487 Considered by Senate.
Action By: Senate
07/20/1995Considered by Senate. (consideration: CR S10386-10401)
Action By: Senate
07/20/1995S.Amdt.1487 Third cloture on the substitute amendment (SP 1487) not invoked in Senate by Yea-Nay Vote. 58-40. Record Vote No: 315.
Action By: Senate
07/18/1995S.Amdt.1487 Second cloture on the substitute amendment (SP 1487) not invoked in Senate by Yea-Nay Vote. 53-47. Record Vote No: 311.
Action By: Senate
07/18/1995Second cloture on the substitute amendment (SP 1487) not invoked in Senate by Yea-Nay Vote. 53-47. Record Vote No: 311. (consideration: CR S10221)
Action By: Senate
07/18/1995S.Amdt.1581 Amendment SP 1581 not agreed to in Senate by Yea-Nay Vote. 48-52. Record Vote No: 310.
Action By: Senate
07/18/1995S.Amdt.1789 Proposed by Senator Hutchison to Amendment SP 1786. To provide for the designation of distressed areas within qualifying cities as Regulatory Relief Zones and for the selective waiver of Federal regulations within such zones.
Action By: Senate
07/18/1995S.Amdt.1581 Considered by Senate.
Action By: Senate
07/18/1995S.Amdt.1786 Considered by Senate.
Action By: Senate
07/18/1995S.Amdt.1487 Considered by Senate.
Action By: Senate
07/18/1995Considered by Senate. (consideration: CR S10189-10224)
Action By: Senate
07/17/1995S.Amdt.1487 Third cloture motion on the substitute amendment (SP 1487) presented in Senate.
Action By: Senate
07/17/1995Third cloture motion on the substitute amendment (SP 1487) presented in Senate. (consideration: CR S10146)
Action By: Senate
07/17/1995S.Amdt.1786 Proposed by Senator Ashcroft to Amendment SP 1487. To provide for the designation of distressed areas within qualifying cities as Regulatory Relief Zones and for the selective waiver of Federal regulations within such zones.
Action By: Senate
07/17/1995S.Amdt.1785 Amendment SP 1785 agreed to in Senate by Voice Vote.
Action By: Senate
07/17/1995S.Amdt.1785 Proposed by Senator Hatch for Senator McCain to Amendment SP 1487. To repeal the Medicare and Medicaid Coverage Data Bank, and for other purposes.
Action By: Senate
07/17/1995S.Amdt.1533 Amendment SP 1533 agreed to in Senate by Voice Vote.
Action By: Senate
07/17/1995S.Amdt.1784 Amendment SP 1784 agreed to in Senate by Voice Vote.
Action By: Senate
07/17/1995S.Amdt.1784 Proposed by Senator Domenici to Amendment SP 1533. To facilitate small business involvement in the regulatory development process, and for other purposes.
Action By: Senate
07/17/1995S.Amdt.1487 Cloture on the substitute amendment (SP 1487) not invoked in Senate by Yea-Nay Vote. 48-46. Record Vote No: 309.
Action By: Senate
07/17/1995Cloture on the substitute amendment (SP 1487) not invoked in Senate by Yea-Nay Vote. 48-46. Record Vote No: 309. (consideration: CR S10135)
Action By: Senate
07/17/1995S.Amdt.1533 Considered by Senate.
Action By: Senate
07/17/1995S.Amdt.1581 Considered by Senate.
Action By: Senate
07/17/1995S.Amdt.1487 Considered by Senate.
Action By: Senate
07/17/1995Considered by Senate. (consideration: CR S10086-10146)
Action By: Senate
07/14/1995S.Amdt.1581 Proposed by Senator Levin for Senator Glenn to Amendment SP 1487. To reform regulatory procedures, and for other purposes.
Action By: Senate
07/14/1995S.Amdt.1575 Amendment SP 1575 agreed to in Senate by Voice Vote.
Action By: Senate
07/14/1995S.Amdt.1575 Proposed by Senator Roth to Amendment SP 1487. To strengthen S.343 by adding a provision to require interagency coordination in the implementation of the risk assessment provisions of the bill.
Action By: Senate
07/14/1995S.Amdt.1539 Amendment SP 1539 agreed to in Senate by Yea-Nay Vote. 80-0. Record Vote No: 308.
Action By: Senate
07/14/1995S.Amdt.1487 Second cloture motion on the substitute amendment (SP 1487) presented in Senate.
Action By: Senate
07/14/1995Second cloture motion on the substitute amendment (SP 1487) presented in Senate. (consideration: CR S9977)
Action By: Senate
07/14/1995S.Amdt.1549 Amendment SP 1549 agreed to in Senate by Voice Vote.
Action By: Senate
07/14/1995S.Amdt.1549 Proposed by Senator Hatch for Senator Snowe to Amendment SP 1487. To amend the Federal Food, Drug, and Cosmetic Act to modify the bottled drinking water standards provisions to require the establishment of regulations relating to contaminants in bottled drinking water.
Action By: Senate
07/14/1995S.Amdt.1548 Amendment SP 1548 agreed to in Senate by Voice Vote.
Action By: Senate
07/14/1995S.Amdt.1548 Proposed by Senator Hatch for Senator Thomas to Amendment SP 1487. To extend the terms of permits for grazing on National Forest System lands to allow time for compliance with the National Environmental Policy Act of 1969 in connection with permit renewals.
Action By: Senate
07/14/1995S.Amdt.1547 Amendment SP 1547 agreed to in Senate by Voice Vote.
Action By: Senate
07/14/1995S.Amdt.1547 Proposed by Senator Simon to Amendment SP 1487. To exempt rules and agency actions designed to protect children from poisoning.
Action By: Senate
07/14/1995S.Amdt.1543 Motion to table SP 1543 agreed to in Senate by Yea-Nay Vote. 58-39. Record Vote No: 307.
Action By: Senate
07/14/1995S.Amdt.1543 Proposed by Senator Kennedy to Amendment SP 1487. To provide that certain cost-benefit analysis and risk assessment requirements shall not apply to occupational safety and health and mine safety and health regulations, and for other purposes.
Action By: Senate
07/14/1995Considered by Senate. (consideration: CR S9946-9971, S9974-9979, S9981-9986, S9988-9996)
Action By: Senate
07/13/1995S.Amdt.1540 Amendment SP 1540 agreed to in Senate by Voice Vote.
Action By: Senate
07/13/1995S.Amdt.1540 Proposed by Senator Glenn to Amendment SP 1487. To ensure public accountability in the regulatory process by establishing "sunshine" procedures for regulatory review.
Action By: Senate
07/13/1995S.Amdt.1539 Proposed by Senator Hutchison to Amendment SP 1487. To protect against the unfair imposition of civil or criminal penalties for the alleged violation of rules.
Action By: Senate
07/13/1995S.Amdt.1535 Motion to table SP 1535 agreed to in Senate by Yea-Nay Vote. 50-48. Record Vote No: 306.
Action By: Senate
07/13/1995S.Amdt.1536 Amendment SP 1536 agreed to in Senate by Voice Vote.
Action By: Senate
07/13/1995S.Amdt.1538 Amendment SP 1538 agreed to in Senate by Voice Vote.
Action By: Senate
07/13/1995S.Amdt.1538 Proposed by Senator Feingold to Amendment SP 1487. To provide that an agency may include any person with substantial and relevant expertise to participate on a peer review panel.
Action By: Senate
07/13/1995S.Amdt.1537 Amendment SP 1537 agreed to in Senate by Voice Vote.
Action By: Senate
07/13/1995S.Amdt.1537 Proposed by Senator Pryor to Amendment SP 1487. To prevent conflicts of interest of persons entering into contracts relating to cost-benefit analyses and risk assessments.
Action By: Senate
07/13/1995S.Amdt.1536 Proposed by Senator Feingold to Amendment SP 1487. To amend the provisions of titles 5 and 28, United States Code, relating to equal access to justice, award of reasonable costs and fees, hourly rates for attorney fees, administrative settlement offers, and for other purposes.
Action By: Senate
07/13/1995S.Amdt.1535 Proposed by Senator Lautenberg to Amendment SP 1487. To strike the provisions relating to the toxic release inventory review.
Action By: Senate
07/13/1995S.Amdt.1533 Proposed by Senator Domenici to Amendment SP 1487. To facilitate small business involvement in the regulatory development process, and for other purposes.
Action By: Senate
07/13/1995S.Amdt.1517 Amendment SP 1517 agreed to in Senate by Voice Vote.
Action By: Senate
07/13/1995S.Amdt.1532 Amendment SP 1532 agreed to in Senate by Yea-Nay Vote. 99-0. Record Vote No: 305.
Action By: Senate
07/13/1995S.Amdt.1532 Proposed by Senator Boxer to Amendment SP 1487. To protect public health by ensuring the continued implementation of mammography quality rules.
Action By: Senate
07/13/1995S.Amdt.1531 Amendment SP 1531 agreed to in Senate by Yea-Nay Vote. 99-0. Record Vote No: 304.
Action By: Senate
07/13/1995S.Amdt.1531 Proposed by Senator Hatch to Amendment SP 1487. To express the sense of the Senate that nothing in the bill is intended to delay the timely promulgation of any regulations that would meet a human health or safety threat.
Action By: Senate
07/13/1995S.Amdt.1525 Proposed amendment SP 1525 withdrawn in Senate.
Action By: Senate
07/13/1995S.Amdt.1524 Proposed amendment SP 1524 withdrawn in Senate.
Action By: Senate
07/13/1995S.Amdt.1525 Proposed by Senator Dole to Amendment SP 1524. To express the sense of the Senate that nothing in the bill is intended to delay the timely promulgation of any regulations that would meet a human health or safety threat.
Action By: Senate
07/13/1995S.Amdt.1524 Proposed by Senator Boxer to Amendment SP 1487. To protect public health by ensuring the continued implementation of mammography quality rules.
Action By: Senate
07/13/1995S.Amdt.1517 Proposed by Senator Johnston for Senator Baucus to Amendment SP 1487. To delete the section on "Requirements for Major Environmental Management Activities" relating to cleanups under the Solid Waste Disposal Act, the Comprehensive Environmental Response, Compensation and Liability Act of 1980 and other similar activities.
Action By: Senate
07/13/1995S.Amdt.1516 Amendment SP 1516 agreed to in Senate by Voice Vote.
Action By: Senate
07/13/1995S.Amdt.1516 Proposed by Senator Johnston to Amendment SP 1487. To extend time for cost-benefit and risk assessment for waivers in emergency situations from 180 days to 1 year.
Action By: Senate
07/13/1995S.Amdt.1507 Amendment SP 1507 as modified agreed to in Senate by Voice Vote.
Action By: Senate
07/13/1995Considered by Senate. (consideration: CR S9834-9902)
Action By: Senate
07/12/1995S.Amdt.1487 Cloture motion on the substitute amendment (SP 1487) presented in Senate.
Action By: Senate
07/12/1995Cloture motion on the substitute amendment (SP 1487) presented in Senate. (consideration: CR S9794)
Action By: Senate
07/12/1995S.Amdt.1507 Proposed by Senator Roth to Amendment SP 1487. To strengthen the agency prioritization and comparative risk analysis section of S.343.
Action By: Senate
07/12/1995S.Amdt.1506 Motion to table SP 1506 agreed to in Senate by Yea-Nay Vote. 50-48. Record Vote No: 303.
Action By: Senate
07/12/1995S.Amdt.1506 Proposed by Senator Kohl to Amendment SP 1487. To protect the public from the dangers of Cryptosporidium and other drinking water hazards by ensuring timely completion of rulemaking to protect the safety of drinking water from microbial and other risks.
Action By: Senate
07/12/1995S.Amdt.1505 Amendment SP 1505 not agreed to in Senate by Yea-Nay Vote. 49-51. Record Vote No: 302.
Action By: Senate
07/12/1995S.Amdt.1505 Proposed by Senator Daschle to Amendment SP 1487. To protect public health by ensuring timely completion of the United States Department of Agriculture's rulemaking on "Pathogen Reduction: Hazard Analysis and Critical Control Point (HACCP) Systems" (proposed rule, 60 Fed. Reg. 6774, et al., February 3, 1995).
Action By: Senate
07/12/1995S.Amdt.1504 Amendment SP 1504 agreed to in Senate by Yea-Nay Vote. 69-31. Record Vote No: 301.
Action By: Senate
07/12/1995S.Amdt.1504 Proposed by Senator Johnston to Amendment SP 1487. To provide that risk assessments conducted to support proposed rules may be used to support final rules that are not substantially different with respect to the risk being addressed.
Action By: Senate
07/12/1995S.Amdt.1502 Proposed amendment SP 1502 withdrawn in Senate.
Action By: Senate
07/12/1995S.Amdt.1503 Proposed amendment SP 1503 withdrawn in Senate.
Action By: Senate
07/12/1995S.Amdt.1503 Proposed by Senator Johnston to Amendment SP 1502. To provide that risk assessments conducted to support proposed rules may be used to support final rules that are not substantially different with respect to the risk being addressed.
Action By: Senate
07/12/1995S.Amdt.1502 Proposed by Senator Daschle to Amendment SP 1487. To protect public health by ensuring timely completion of the United States Department of Agriculture's rulemaking on "Pathogen Reduction: Hazard Analysis and Critical Control Point (HACCP) Systems" (proposed rule, 60 Fed. Reg. 6774, et al., February 3, 1995).
Action By: Senate
07/12/1995S.Amdt.1498 Proposed amendment SP 1498 withdrawn in Senate.
Action By: Senate
07/12/1995S.Amdt.1499 Proposed amendment SP 1499 withdrawn in Senate.
Action By: Senate
07/12/1995S.Amdt.1500 Proposed amendment SP 1500 withdrawn in Senate.
Action By: Senate
07/12/1995S.Amdt.1501 Proposed amendment SP 1501 withdrawn in Senate.
Action By: Senate
07/12/1995S.Amdt.1501 Proposed by Senator Hatch for Senator Roth to Amendment SP 1500. In the nature of a substitute.
Action By: Senate
07/12/1995S.Amdt.1500 Proposed by Senator Hatch for Senator Roth. To establish risk-based priorities for regulation.
Action By: Senate
07/12/1995S.Amdt.1499 Proposed by Senator Hatch to Amendment SP 1498. To strengthen the agency prioritization and comparative risk analysis of S.343.
Action By: Senate
07/12/1995S.Amdt.1498 Proposed by Senator Hatch to Amendment SP 1487. To strengthen the agency prioritization and comparative risk analysis section of S.343.
Action By: Senate
07/12/1995S.Amdt.1487 Considered by Senate.
Action By: Senate
07/12/1995Considered by Senate. (consideration: CR S9733-9792, S9794)
Action By: Senate
07/11/1995S.Amdt.1497 Amendment SP 1497 agreed to in Senate by Yea-Nay Vote. 53-45. Record Vote No: 300.
Action By: Senate
07/11/1995S.Amdt.1497 Proposed by Senator Johnston to Amendment SP 1487. To revise the threshold for a definition of a "major rule" to $100 million, to be adjusted periodically for inflation.
Action By: Senate
07/11/1995S.Amdt.1496 Amendment SP 1496 agreed to in Senate by Voice Vote.
Action By: Senate
07/11/1995S.Amdt.1496 Proposed by Senator Dole to Amendment SP 1487. To clarify that the bill does not contain a supermandate.
Action By: Senate
07/11/1995S.Amdt.1494 Proposed amendment SP 1494 withdrawn in Senate.
Action By: Senate
07/11/1995S.Amdt.1495 Proposed amendment SP 1495 withdrawn in Senate.
Action By: Senate
07/11/1995S.Amdt.1492 Amendment SP 1492 agreed to in Senate by Unanimous Consent.
Action By: Senate
07/11/1995S.Amdt.1493 Amendment SP 1493 agreed to in Senate by Yea-Nay Vote. 99-0. Record Vote No: 299.
Action By: Senate
07/11/1995S.Amdt.1495 Proposed by Senator Dole to Amendment SP 1494. To establish an effective date.
Action By: Senate
07/11/1995S.Amdt.1494 Proposed by Senator Dole. To exempt health, safety, or emergency from cost-benefit analysis.
Action By: Senate
07/11/1995S.Amdt.1493 Proposed by Senator Dole to Amendment SP 1492. To address food safety concerns.
Action By: Senate
07/11/1995S.Amdt.1492 Proposed by Senator Dole to Amendment SP 1487. To address food safety concerns.
Action By: Senate
07/11/1995Considered by Senate. (consideration: CR S9653-9693, S9695-9708)
Action By: Senate
07/10/1995S.Amdt.1491 Amendment SP 1491 as modified agreed to in Senate by Yea-Nay Vote. 60-36. Record Vote No: 298.
Action By: Senate
07/10/1995S.Amdt.1490 Amendment SP 1490 agreed to in Senate by Yea-Nay Vote. 96-0. Record Vote No: 297.
Action By: Senate
07/10/1995S.Amdt.1491 Proposed by Senator Nunn to Amendment SP 1487. To provide small businesses improved regulatory relief by requiring that a proposed regulation determined to be subject to chapter 6 of title 5, United States Code will be deemed to be a major rule for the purposes of being subject to agency cost-benefit analysis and periodic review, and for other purposes.
Action By: Senate
07/10/1995S.Amdt.1490 Proposed by Senator Abraham to Amendment SP 1487. To ensure that rules impacting small businesses are periodically reviewed by the agencies that promulgated them.
Action By: Senate
07/10/1995S.Amdt.1487 Considered by Senate.
Action By: Senate
07/10/1995Considered by Senate. (consideration: CR S9606-9624, S9628-9637)
Action By: Senate
06/30/1995S.Amdt.1487 Proposed by Senator Dole. In the nature of a substitute.
Action By: Senate
06/30/1995The two committee substitutes were withdrawn by Unanimous Consent.
Action By: Senate
06/30/1995Considered by Senate. (consideration: CR S9509)
Action By: Senate
06/29/1995Considered by Senate. (consideration: CR S9349, S9351-9356, S9412-9414)
Action By: Senate
06/28/1995Measure laid before Senate. (consideration: CR S9260-9296)
Action By: Senate
05/26/1995Placed on Senate Legislative Calendar under General Orders. Calendar No. 118.
Action By: Senate
05/26/1995By Senator Roth for Senator Hatch from Committee on Judiciary filed written report. Report No. 104-90. Additional and supplemental views filed.
Action By: Senate
05/26/1995Committees on Governmental Affairs; Judiciary. Jointly reported to Senate by Senator Roth with amendments in the nature of a substitute. With written report No. 104-89. Additional views filed.
04/26/1995Committee on Judiciary. Ordered to be reported with an amendment in the nature of a substitute favorably.
04/06/1995Committee on Judiciary. Committee consideration and Mark Up Session held.
04/05/1995Committee on Judiciary. Committee consideration and Mark Up Session held.
03/23/1995Committee on Governmental Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.
03/17/1995Committee on Judiciary. Hearings held. Hearings printed: S.Hrg. 104-686.
03/14/1995Subcommittee on Oversight and Courts. Approved for full committee consideration with an amendment in the nature of a substitute without recommendation.
Action By: Senate Judiciary Subcommittee on Administrative Oversight and the Courts
02/24/1995Subcommittee on Oversight and Courts. Hearings held.
Action By: Senate Judiciary Subcommittee on Administrative Oversight and the Courts
02/22/1995Subcommittee on Oversight and Courts. Hearings held.
Action By: Senate Judiciary Subcommittee on Administrative Oversight and the Courts
02/03/1995Referred jointly to the Committees on Judiciary; Governmental Affairs by unanimous consent.
Action By: Senate
02/02/1995S.Amdt.229 Referred to the Committee on Judiciary.
02/02/1995Read twice and referred to the Committee on Judiciary.
Action By: Senate
02/02/1995Sponsor introductory remarks on measure. (CR S2056-2057)
Action By: Senate

Committees (2)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
Senate Governmental Affairs02/03/1995 Referred to
03/23/1995 Markup by
05/26/1995 Reported by S. Rept. 104-89
Senate Judiciary02/03/1995 Referred to
03/17/1995 Hearings by
04/26/1995 Markup by
05/26/1995 Reported by S. Rept. 104-90
Senate Judiciary Subcommittee on Administrative Oversight and the Courts02/24/1995 Hearings by
03/14/1995 Markup by
03/14/1995 Reported by

A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-congress measures.


Latest Summary (3)

There are 3 summaries for S.343. View summaries

Shown Here:
Reported to Senate amended, 2nd committee reporting (05/26/1995)

Comprehensive Regulatory Reform Act of 1995 - Amends the Administrative Procedure Act to define "Director" as the Director of the Office of Management and Budget.

(Sec. 3) Amends the Administrative Procedure Act (APA) to revise the matters exempted from provisions governing agency rulemaking procedures, specifically including as an exempted matter, an interpretive rule, general statement of policy, guidance, or rule of agency organization, procedure, or practice that is not generally applicable and does not alter or create rights or obligations of persons outside the agency. Revises and expands the information which must be included in a notice of proposed rulemaking to include: (1) a succinct explanation of the need for and specific objectives of a proposed rule, including an explanation of whether a rule is a major rule; (2) an explanation of the specific statutory interpretation under which a rule is proposed; (3) the proposed provisions of the rule; (4) a summary of any initial regulatory analysis as required for any major rule; (5) a statement that the agency seeks proposals from the public and State and local governments for alternative methods to accomplish the objectives of the rulemaking that are more effective or less burdensome than the approach used in the proposed rule; (6) a description of any data, methodologies, reports, studies, or scientific evaluations available to the agency for the rulemaking, including an identification of each author of such information and the purposes for which the agency plans to rely on it; and (7) a statement specifying where the file of the rulemaking proceeding may be inspected or obtained.

Revises provisions of existing law governing A.P.A. exemptions for those rules which an agency, for good cause, finds that providing notice and public comment is contrary to an important public interest or is unnecessary due to the rule's insignificant impact.

Requires an agency, whenever the provisions of a final rule are different from the provisions of the proposed rule, to publish in the Federal Register a notice of the final rule, together with the required relevant information that was not previously published in the Federal Register.

Requires agencies to provide a period of not less than 60 days for interested persons to participate in a rulemaking. (Existing law provides no minimum comment period.)

Authorizes agencies to use alternative notice of proposed rulemaking procedures in order to collect relevant information and to identify and elicit full and representative public comment on the significant issues of a particular rulemaking.

Sets forth provisions: (1) authorizing agencies to establish reasonable procedures to regulate the course of informal public hearings; (2) requiring more detailed statements of the basis and purposes of final rules; (3) requiring publication of final rules (those that create restrictions) in the Federal Register at least 60 (currently, 30 ) days before they become effective; (4) expanding the rights of petition under the A.P.A. to allow each person subject to a major rule to petition for advice or interpretation regarding the application of the rule, or for a variance or exemption; and (5) requiring each agency to maintain a rulemaking file and index comprising of the complete preliminary and final regulatory analysis and transcripts of any hearings for possible judicial review.

(Sec. 4) Defines "major rule" to include a rule or a group of closely related rules that the proposing agency, the Director, or a designee of the President determines is likely to have an annual effect on the economy of $50 million or more in reasonably quantifiable increased direct and indirect costs, or has a significant impact on a sector of the economy.

Authorizes an agency proposing the rule, the Director, or the designee of the President to designate as a major rule any rule or group of closely related rules which is likely to result in: (1) a substantial increase in costs or prices for wage earners, consumers, individual industries, nonprofit organizations, Federal, State, or local government agencies, or geographic regions; (2) significant adverse effects on competition, employment, investment, productivity, innovation, health, safety, or the environment, or the ability of enterprises whose principal places of business are in the United States to compete in the domestic or export markets; (3) a serious inconsistency or interference with an action taken or planned by another agency; (4) the material alteration of the budgetary impact of entitlements, grants, user fees, or loan programs, or the rights and obligations of recipients thereof; or (5) disproportionate costs to a class of persons within the regulated sector, and relatively severe economic consequences for the class.

Declares the following not to be a major rule: (1) a rule that involves Federal internal revenue laws; or (2) a rule or agency action that authorizes the introduction into, or removal from, commerce, or recognizes the marketable status, of a product.

Requires each Federal agency, before publishing notice of proposed rulemaking for any rule, to determine whether the rule is or should be designated a major rule. Requires the agency to issue at the time of the notice of proposed rulemaking for a major rule, an initial cost- benefit analysis which shall be summarized in such notice.

Authorizes any person subject to a major rule to petition the agency, the Director, or the designee of the President to perform a cost-benefit analysis.

Prohibits an agency from promulgating a final rule unless it finds that: (1) the rule's potential benefits justify its potential costs; and (2) such rule will produce the most cost-effective result of any of the reasonable alternatives that the agency has discretion to adopt.

Subjects, to the extent that it relates to an agency's decisional responsibilities or the statute granting it authority to act, rule cost-benefit analyses and risk assessments to judicial review.

Suspends all statutory or Federal judicial deadlines that require an agency to promulgate a rule until the requirements of this section are satisfied.

Requires each agency to prepare and publish in the Federal Register a proposed schedule for the review of: (1) each agency rule that is in effect and which, considering its future impact, would be a major rule; (2) each agency rule that is inconsistent with, or duplicative of, any other obligation or requirement established by Federal statute, rule, or other agency statement, interpretation, or action that has the force of law; and (3) each agency rule that has been selected for review.

Requires each agency, within five years for rules that take effect after enactment of this Act, or seven years for rules in effect upon enactment of this Act, to review: (1) each rule on the schedule; (2) each major rule promulgated, amended, or otherwise renewed by an agency after enactment of this Act; and (3) each rule promulgated after the enactment of this Act that the President or the President's designee selects for review. Authorizes an extension of no more than a total of ten years for completion of such review.

Requires the head of each covered agency to prepare, based on specified principles, a risk assessment and risk characterization for each major rule that relates to health, safety, and the environment and for each proposed or pending major cleanup plan. Requires any risk assessment to: (1) clearly separate hazard identification from risk characterization; and (2) make clear the relationship between the level of risk and the level of exposure to a potential hazard.

Requires the head of each agency to: (1) promote the early involvement by all stakeholders in the development of risk assessments; and (2) provide an opportunity for public participation and comment.

Prohibits an agency from refusing to approve a substance or product on the basis of safety where it presents a negligible or insignificant human risk under the intended conditions of use.

Requires the Director of the Office of Science and Technology or the Director to develop a systematic program for the peer review of specified matters, including: (1) risk assessments and cost-benefit analyses for major rules; (2) certain quantitative estimates of risk or hazard that are used in making regulatory determinations; and (3) any other significant or technical work product. Requires peer review and agency responses to: (1) be made available to the public for comment; and (2) be made a part of the administrative record for purposes of judicial review.

Requires the Director or designee of the President to establish oversight procedures for agency compliance and ensure such compliance with this Act. Allows implementation of such procedures only after opportunity for public comment.

Amends the Regulatory Flexibility Act to authorize an affected small entity to petition for the judicial review of a final rule when an agency: (1) has certified that such rule would not have a significant economic impact on a substantial number of small entities; (2) has prepared a final regulatory flexibility analysis; or (3) did not prepare certain regulatory flexibility analysis under the Act.

(Sec. 5) Amends judicial review provisions of the Administrative Procedure Act to require a reviewing court to set aside agency actions, findings, and conclusions which are found to be without substantial support in the rulemaking file, viewed as a whole.

Requires a reviewing court to: (1) hold erroneous and unlawful an agency interpretation that is either other than the interpretation of the statute clearly intended by the Congress, or outside the range of permissible interpretations of the statute; and (2) hold arbitrary, capricious, or an abuse of discretion an action that an agency has either improperly classified an interpretation as being within or outside the range of permissible interpretations, or has not explained in a reasoned analysis why it selected the interpretation and why it rejected other permissible interpretations of the statute.

Amends the Tucker Act to grant the United States Court of Federal Claims jurisdiction to render a claim for monetary relief against the United States based on the invalidation of any Act of the Congress or any regulation of an executive department that adversely affects private property rights in violation of the fifth amendment of the U.S. Constitution. Grants such court the power to: (1) grant injunctive and declaratory relief; and (2) render judgment on tort claims in cases properly before it.

Prohibits a court from enforcing a consent decree that imposes upon an agency an obligation to initiate, continue, or complete rulemaking proceedings in a way that divests the agency's discretion to respond to changing circumstances, make policy or managerial choices, or protect the rights of third parties.

Makes it an affirmative defense in any enforcement action brought by an agency that the regulated person or entity is complying with a rule of such agency or other agency that is inconsistent with the agency rule being enforced.

Prohibits the imposition of civil or criminal penalties against a defendant for an alleged violation of a rule, if the defendant, prior to such alleged violation: (1) reasonably determined, based upon an explanation contained in the rule's statement of basis and purpose, that he or she was in compliance with, or exempt from, the requirements of the rule; or (2) was informed by the agency that promulgated the rule that he or she was in compliance with, or exempted from, its requirements. Prohibits, in such cases, consideration from being given to any interpretive rule relied upon by the agency which had not been published in the Federal Register, or communicated to the defendant, prior to the alleged violation.

(Sec. 6) Requires an agency, before a major rule can become final, to submit to the Congress a report containing a copy of the rule, the notice of proposed rulemaking, the statement of basis and purpose for the rule, a complete copy of any regulatory analysis, and the proposed effective date of the rule. Prohibits a rule from becoming final if the Congress passes a joint resolution of disapproval. Prescribes procedures for congressional consideration of such a resolution.

(Sec. 7) Directs the President to submit biennially to the Congress: (1) an accounting statement that estimates the annual costs of Federal regulatory programs and corresponding benefits; and (2) an associated report that contains analyses of impacts of Federal regulatory programs on State and local governments, small business, productivity, wages, consumer prices, and other matters, and recommendations for reform.

Requires the Director of the Office of Management and Budget to develop guidance for Federal agencies to standardize the format of the accounting statements.

(Sec. 8) Directs the Administrative Conference of the United States to: (1) conduct an ongoing study of the operation of the risk assessment requirements under this Act and submit annual reports of its findings to the Congress; and (2) study and report to the Congress on the operation of the Administrative Procedure Act.