![handle is hein.congrec/cbo11294 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE
COST ESTIMATE
August 1, 2013
H.R. 2122
Regulatory Accountability Act of 2013
As ordered reported by the House Committee on the Judiciary on July 24, 2013
SUMMARY
H.R. 2122 would amend the Administrative Procedures Act (APA), which is the law that
governs how federal agencies propose and establish regulations. Enacting this legislation
would codify many practices aimed at increasing regulatory transparency and
accountability that are currently required under several executive orders. However, this
legislation also would impose some new requirements on federal agencies related to the
rulemaking process and would extend some of the current requirements under the
executive orders to additional federal agencies. Except for changes permitting judicial
review for compliance with the Information Quality Act (enacted as part of the
Consolidated Appropriations Acts, 2001 [Public Law 106-554]), the changes contained in
this legislation would not apply to any rulemaking pending or completed on the date of
enactment.
CBO estimates that implementing H.R. 2122 would cost about $70 million over the
2014-2018 period, assuming appropriation of the necessary funds. Such funding would
cover the governmentwide costs of additional personnel, contractor costs, and other
administrative expenses associated with meeting the new requirements under the
legislation.
CBO also expects that enacting H.R. 2122 could delay the issuance of some final rules
each year. As a result, CBO and the staff of the Joint Committee on Taxation (JCT)
expect that enacting H.R. 2122 could have effects on both direct spending and revenues.
Therefore, pay-as-you-go procedures apply to the legislation. However, given the large
number of major rules issued each year and the extent to which rules vary in their nature
and scope, we cannot determine the level of costs or savings stemming from delaying the
effective date of some rules. In addition, while enacting the bill could affect direct
spending and revenues if agencies not funded through annual appropriations incur
additional costs, CBO estimates that any net increase in spending or change in revenues
for those agencies would not be significant.](ViewImageLocal?handle=hein.congrec/cbo11294&div=1&collection=&method=preview&ext=.png&size=3)
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