Policy Impact Analysis - 117/HR/8796

Bill Overview

Title: Regulatory Accountability Act

Description: This bill expands and provides statutory authority for notice-and-comment rulemaking procedures to require federal agencies to consider (1) whether a rulemaking is required by statute or is within the discretion of the agency, (2) whether existing laws or rules could be amended or rescinded to address the problem, and (3) reasonable alternatives to a new rule. For proposed major or high-impact rules that have a specified significant economic impact or adverse effect on the public health or safety, an agency must publish notice of such rulemaking to invite interested parties to propose alternatives and ideas to accomplish the agency's objectives; allow persons interested in high-impact or certain major rules to petition for a public hearing with oral presentation, cross-examination, and the burden of proof on the proponent of the rule; adopt the rule that maximizes net benefits within the scope of the statutory provision authorizing the rule, unless the agency explains the costs and benefits that justify adopting an alternative rule and such rule is approved by the Office of Information and Regulatory Affairs (OIRA); and publish a framework and metrics for measuring the ongoing effectiveness of the rule. Agencies must notify OIRA with certain information about a proposed rulemaking, including specified discussion and preliminary explanations concerning a major or high-impact rule. Further, OIRA must establish certain rulemaking guidelines. Additionally, the bill (1) revises the scope of judicial review of agency actions, and (2) establishes requirements for agencies issuing guidance.

Sponsors: Rep. Van Duyne, Beth [R-TX-24]

Target Audience

Population: People globally under jurisdictions influenced by US federal regulations

Estimated Size: 331000000

Reasoning

Simulated Interviews

Oil and Gas Executive (Houston, Texas)

Age: 55 | Gender: male

Wellbeing Before Policy: 6

Duration of Impact: 10.0 years

Commonness: 5/20

Statement of Opinion:

  • The policy could create more predictable regulatory changes, which is beneficial.
  • Concerned about initial implementation costs and potential delays during rule evaluations.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 6
Year 2 7 6
Year 3 7 6
Year 5 8 6
Year 10 8 6
Year 20 7 6

Tech Startup Founder (San Francisco, California)

Age: 29 | Gender: female

Wellbeing Before Policy: 7

Duration of Impact: 5.0 years

Commonness: 12/20

Statement of Opinion:

  • I hope this leads to clearer guidelines that accommodate tech innovation.
  • Improvement in rulemaking process could help navigate regulatory obligations more easily.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 7
Year 2 7 6
Year 3 8 6
Year 5 8 6
Year 10 7 6
Year 20 6 6

Automobile Manufacturing Manager (Detroit, Michigan)

Age: 46 | Gender: female

Wellbeing Before Policy: 5

Duration of Impact: 10.0 years

Commonness: 10/20

Statement of Opinion:

  • Streamlined rulemaking might reduce compliance costs, helpful for budgeting.
  • Constant changes in regulations are the primary concern for long-term planning.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 5 5
Year 2 6 5
Year 3 6 5
Year 5 7 5
Year 10 7 5
Year 20 6 5

Environmental Policy Advocate (Denver, Colorado)

Age: 34 | Gender: male

Wellbeing Before Policy: 6

Duration of Impact: 20.0 years

Commonness: 8/20

Statement of Opinion:

  • The policy provides more opportunities for public input, which is excellent.
  • Concerned that emphasis on economic impact might diminish environmental protections.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 6
Year 2 7 6
Year 3 8 7
Year 5 8 7
Year 10 9 7
Year 20 8 7

Healthcare Administrator (Atlanta, Georgia)

Age: 42 | Gender: female

Wellbeing Before Policy: 7

Duration of Impact: 5.0 years

Commonness: 10/20

Statement of Opinion:

  • Cross-agency rulemaking can improve patient safety standards.
  • Concerns that the burden of proof in rule justifications may delay necessary healthcare reforms.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 7
Year 2 7 7
Year 3 8 7
Year 5 8 7
Year 10 7 7
Year 20 6 7

Financial Analyst (Chicago, Illinois)

Age: 30 | Gender: male

Wellbeing Before Policy: 7

Duration of Impact: 10.0 years

Commonness: 8/20

Statement of Opinion:

  • Clear and accountable processes might reduce compliance risks for firms.
  • Good framework would mitigate erratic regulatory changes affecting financial markets.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 7
Year 2 8 6
Year 3 8 6
Year 5 9 6
Year 10 8 6
Year 20 7 6

Public Health Researcher (New York, New York)

Age: 40 | Gender: female

Wellbeing Before Policy: 6

Duration of Impact: 5.0 years

Commonness: 10/20

Statement of Opinion:

  • Increased accountability can ensure better public health standards.
  • However, I'm wary of the potential delays in implementing health-focused policies due to procedural nuances.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 6
Year 2 6 6
Year 3 6 6
Year 5 7 6
Year 10 7 6
Year 20 6 6

Transportation Network Manager (Seattle, Washington)

Age: 38 | Gender: male

Wellbeing Before Policy: 5

Duration of Impact: 10.0 years

Commonness: 7/20

Statement of Opinion:

  • Policy provides more scope for transparency, which is good.
  • Regulatory consistency can speed up infrastructure project approvals, reducing bureaucratic delays.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 5 5
Year 2 6 5
Year 3 7 5
Year 5 8 5
Year 10 7 5
Year 20 6 5

Consumer Rights Advocate (Miami, Florida)

Age: 50 | Gender: female

Wellbeing Before Policy: 6

Duration of Impact: 20.0 years

Commonness: 12/20

Statement of Opinion:

  • Hopes for more transparent regulations improving consumer protection.
  • Worries about corporate influence in rulemaking processes.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 6
Year 2 7 6
Year 3 8 6
Year 5 8 6
Year 10 8 6
Year 20 7 6

Freelance Journalist (Portland, Oregon)

Age: 28 | Gender: other

Wellbeing Before Policy: 7

Duration of Impact: 5.0 years

Commonness: 18/20

Statement of Opinion:

  • Policy push for transparency might increase public trust in regulations.
  • The journalistic perspective is more opportunities for advocacy and reporting.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 7
Year 2 8 7
Year 3 8 7
Year 5 8 7
Year 10 7 7
Year 20 6 7

Cost Estimates

Year 1: $300000000 (Low: $250000000, High: $350000000)

Year 2: $315000000 (Low: $262500000, High: $367500000)

Year 3: $330750000 (Low: $275625000, High: $385875000)

Year 5: $363825000 (Low: $303187500, High: $424462500)

Year 10: $442752000 (Low: $369120000, High: $516384000)

Year 100: $2000000000 (Low: $1600000000, High: $2400000000)

Key Considerations