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S. 1818, Principled Rulemaking Act of 2015 1 (August 29, 2016)

handle is hein.congrec/cbo3087 and id is 1 raw text is: 




                         CONGRESSIONAL BUDGET OFFICE
                                    COST ESTIMATE

                                                                 August 29, 2016



                                   S. 1818
                     Principled Rulemaking Act of 2015

         As ordered reported by the Senate Committee on Homeland Security
                   and Governmental Affairs on October 7, 2015


CBO estimates that implementing S. 1818 would have no significant cost over the next
five years. The bill could affect direct spending by agencies not funded though annual
appropriations; therefore, pay-as-you-go procedures apply. CBO estimates, however, that
any net increase in spending by those agencies would be negligible. Enacting S. 1818
would not affect revenues.

CBO estimates that enacting S. 1818 would not increase net direct spending or on-budget
deficits in any of the four consecutive 10-year periods beginning in 2027.

S. 1818 would amend federal law to codify portions of Executive Order 12866 and
Executive Order 13563. Those orders direct regulatory agencies to only issue regulations
that are necessary, provide the maximum benefit to the public, and allow public
involvement in the rulemaking process. Because the legislation would put into statute
current policies and practices, CBO estimates that implementing S. 1818 would have no
significant cost over the next five years.

S. 1818 contains no intergovernmental or private-sector mandates as defined in the
Unfunded Mandates Reform Act and would not affect the budgets of state, local, or trial
governments.

The CBO staff contact for this estimate is Matthew Pickford. The estimate was approved
by Theresa Gullo, Assistant Director for Budget Analysis.

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