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H.R. 5982, Midnight Rules Relief Act of 2016 1 (September 16, 2016)

handle is hein.congrec/cbo3191 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE September 16, 2016 H.R. 5982 Midnight Rules Relief Act of 2016 As ordered reported by the House Committee on the Judiciary on September 14, 2016 H.R. 5982 would amend the Congressional Review Act (CRA) to allow en bloc disapproval of multiple regulations issued by a President in their final year in office. Under current law, the Congress can only use the CRA to disapprove one regulation at a time. Because the bill would affect how the Congress uses the CRA and thus could affect which regulations are allowed to go into effect, it could affect spending subject to appropriation, direct spending, and revenues. For example, regulations can affect the cost of entitlement programs as well as the collection of fees. Regulatory changes to those programs could either increase or decrease federal spending or revenues. However, CBO has no basis for estimating how many regulations this legislation might affect or whether this new authority would be used. Because enacting the legislation could affect direct spending and revenues, pay-as-you-go procedures apply. CBO cannot determine whether enacting H.R. 5982 would increase net direct spending or on-budget deficits by more than $5 billion in any of the four consecutive 10-year periods beginning in 2027. H.R. 5982 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act. The CBO staff contact for this estimate is Matthew Pickford. The estimate was approved by H. Samuel Papenfuss, Deputy Assistant Director for Budget Analysis.

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