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

H.R. 4078, Regulatory Freeze for Jobs Act of 2012 1 (July 20, 2012)

handle is hein.congrec/cbo10833 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE July 20, 2012 H.R. 4078 Regulatory Freeze for Jobs Act of 2012 As ordered reported by the House Committee on Oversight and Government Reform on April 26, 2012 SUMMARY H.R. 4078 would prohibit most federal agencies from taking most final significant regulatory actions until either the unemployment rate falls to 6.0 percent or less or two years pass after enactment of the legislation. The legislation would affect many regulatory actions that vary greatly in nature and scope. CBO and the staff of the Joint Committee on Taxation (JCT) cannot determine the budgetary effects of delaying final significant regulatory actions, but we expect that enacting H.R. 4078 would have effects on both direct spending and revenues. Pay-as-you-go procedures apply because enacting the legislation would affect direct spending and revenues. CBO expects that implementing H.R. 4078 also could have a significant impact on spending subject to appropriation, although we cannot determine the magnitude of that effect. CBO expects that the provisions of H.R. 4078 would impose no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA). ESTIMATED COST TO THE FEDERAL GOVERNMENT Background H.R. 4078 would prohibit agencies from taking final significant regulatory actions until the earlier of: (1) the date on which the national unemployment rate is 6.0 percent or less, or (2) two years after the enactment of the legislation. If an agency were to pursue a final significant regulatory action in violation of H.R. 4078, any party adversely affected by that action would be entitled to judicial review.

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