United States 112th Congress Status: Died 1 R cosponsors

HR 4116 — Regulatory Accountability and Economic Freedom Act of 2012

Last action — Referred to the Subcommittee on Courts, Commercial and Administrative Law.

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. Died in session

This bill died with 112th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Regulatory Accountability and Economic Freedom Act of 2012 - Revises criteria for the federal agency rule making process. Requires federal agencies proposing a rule to make all preliminary and final factual determinations based on evidence and to consider: (1) the legal authority under which a rule may be proposed, (2) the specific nature and significance of the problem the agency may address with a rule, (3) any reasonable alternatives for a new rule, and (4) the potential costs and benefits associated with potential alternative rules. Requires agencies to publish in the Federal Register advance notice of proposed rule making for major rules, high-impact rules, and rules involving novel legal or policy issues. Defines "major rule" as any rule that is likely to impose: (1) an annual effect on the economy of $100 million or more, adjusted annually for inflation; (2) a major increase in costs or prices; (3) significant adverse effects on competition, employment, investment, productivity, innovation, or U.S. competitiveness; or (4) significant impacts on multiple sectors of the economy. Defines "high-impact rule" as any rule that is likely to impose an annual cost on the economy of $1 billion or more, adjusted annually for inflation. Rewrites provisions for congressional review of agency rule making to require congressional approval of major rules before they may take effect (currently, major rules take effect unless Congress passes and the President signs a joint resolution disapproving them). Sets forth House and Senate procedures for enacting joint resolutions approving major rules and disapproving non-major rules. Establishes the United States Red Tape Reduction Commission to advise federal agencies on the modification, consolidation, or elimination of federal regulatory requirements to reduce direct or indirect burdens on U.S. businesses.

Bill Text

We don't have the full text on file for this bill yet.

Read HR 4116 on the official United States source →

Action History

  1. Referred to the Subcommittee on Courts, Commercial and Administrative Law.

  2. Referred to House Oversight and Government Reform

  3. Referred to House Budget

  4. Referred to House Rules

  5. Referred to House Judiciary

  6. Referred to the Committee on the Judiciary, and in addition to the Committees on Rules, the Budget, and Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 546 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (546)

546 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

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Subjects

finance labor technology
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Frequently asked questions

What does HR 4116 do?
Regulatory Accountability and Economic Freedom Act of 2012 - Revises criteria for the federal agency rule making process. Requires federal agencies proposing a rule to make all preliminary and final factual determinations based on evidence and to consider: (1) the legal authority under which a rule may be proposed, (2) the specific nature and significance of the problem the agency may address with a rule, (3) any reasonable alternatives for a new rule, and (4) the potential costs and benefits associated with potential alternative rules. Requires agencies to publish in the Federal Register advance notice of proposed rule making for major rules, high-impact rules, and rules involving novel legal or policy issues. Defines "major rule" as any rule that is likely to impose: (1) an annual effect on the economy of $100 million or more, adjusted annually for inflation; (2) a major increase in costs or prices; (3) significant adverse effects on competition, employment, investment, productivity, innovation, or U.S. competitiveness; or (4) significant impacts on multiple sectors of the economy. Defines "high-impact rule" as any rule that is likely to impose an annual cost on the economy of $1 billion or more, adjusted annually for inflation. Rewrites provisions for congressional review of agency rule making to require congressional approval of major rules before they may take effect (currently, major rules take effect unless Congress passes and the President signs a joint resolution disapproving them). Sets forth House and Senate procedures for enacting joint resolutions approving major rules and disapproving non-major rules. Establishes the United States Red Tape Reduction Commission to advise federal agencies on the modification, consolidation, or elimination of federal regulatory requirements to reduce direct or indirect burdens on U.S. businesses.
Who sponsors HR 4116?
HR 4116 is sponsored by Tom Latham (Republican).
What is the current status of HR 4116?
This bill died with 112th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HR 4116?
Track HR 4116 free on One Click Politics — get push/email alerts when it moves.

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