S.870: Unfunded Mandates Accountability Act

Unfunded Mandates Accountability Act This bill revises rulemaking requirements with respect to unfunded mandates. Specifically, the bill (1) requires federal agencies to prepare and publish in the Federal Register an initial and final regulatory impact analysis prior to promulgating any proposed or final rule that may have an annual effect on the economy of $100 million or more (adjusted for inflation); (2) requires consideration of regulatory...

(Source: Library of Congress)