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1 1 (July 25, 2019)

handle is hein.congrec/erlypart0001 and id is 1 raw text is: Congressional Budget Office 7 Cost Estimate July 25, 2019 By Fiscal Year, Vlillions of Dollars 2019 2019-2024 2019-2029 Direct Spending (Outlays) 0 * * Revenues Deficit Effect 0 0 0 * 0 * S. 1419 would amend the Administrative Procedures Act to require agencies to publish an Advance Notice of Proposed Rulemaking (ANPRM) for major rules in the Federal Register at least 90 days before publishing a Notice of Proposed Rulemaking (NPRM). Under the bill, major rules would include all regulations that are likely to result in an annual effect on the economy of $100 million or more; a major increase in prices or costs for consumers, industry, government agencies or individual regions; or a significant effect on U.S. companies that compete with foreign companies. Based on an analysis of information provided by the Congressional Research Service and selected agencies on the current regulatory process, CBO estimates that the executive branch usually issues between 3,000 and 4,000 final rules each year, of which approximately 70 would be defined as major under the bill. Agencies seldom issue an ANPRM; however, CBO expects that most of the information needed to publish one also is needed for the NPRM. Based on the costs of preparing such notices and the necessary work to publish one additional notice, CBO estimates that producing approximately 70 ANPRMs would cost about $1 million a year. That spending would be subject to the availability of appropriated funds. Additionally, CBO expects that adding the requirement to publish an ANPRM would not significantly delay the implementation of final regulations. See also CBO's Cost Estimates Explained, www.cbo.gov/publication/54437; How CBO Prepares Cost Estimates, www.cbo.gov/publication/53519; and Glossary, www.cbo.gov/publication/42904.

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