About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

H.R. 4377, Responsibility and Professionally Invigorating Development Act of 2012 1 (June 25, 2012)

handle is hein.congrec/cbo10792 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE June 25, 2012 H.R. 4377 Responsibility and Professionally Invigorating Development Act of 2012 As ordered reported by the House Committee on the Judiciary on June 6, 2012 SUMMARY H.R. 4377 would amend the Administrative Procedures Act, the law that governs how federal agencies propose and establish regulations. Specifically, the bill would aim to expedite the review process required by the National Environmental Policy Act (NEPA) for construction projects that are partly or fully financed with federal funds or require permits or approvals from federal regulatory agencies. CBO estimates that implementing this legislation would cost $5 million over the next five years, assuming the availability of appropriated funds, as federal agencies would incur additional administrative costs to meet the new requirements imposed by H.R. 4377. Additional federal expenditures also would occur if agencies face legal challenges as a result of the bill's implementation. In the long term, we expect that the bill could reduce the time needed to commence and complete some construction projects financed with federal funds. Expediting the time required to start such projects would generally reduce the total costs to complete them, but CBO has no basis for estimating the timing or magnitude of such savings. Enacting H.R. 4377 would not affect direct spending or revenues; therefore, pay-as-you- go procedures do not apply. H.R. 4377 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act. MAJOR PROVISIONS Under NEPA, federal agencies are required to assess the environmental consequences of an action and its alternatives before proceeding. The affected federal agencies are required to consult with other interested agencies, document analysis, and make this information available for public comment prior to implementing a proposal. Most construction projects that are partially or fully financed by the federal government require

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Short-term subscription options include 24 hours, 48 hours, or 1 week to HeinOnline.

Purchase Access

Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most