On April 26 the Regulatory Accountability Act, S. 951, was introduced in the U.S. Senate with bipartisan support from Senators Rob Portman (R-OH) and Heidi Heitkamp (D-ND).
The legislation is designed to make federal regulation smarter and more effective for businesses and modernize the federal regulatory process. If passed, it would require all federal agencies to more thoroughly examine proposed rules before they are adopted while increasing the ability of federal courts to ensure that such assessments are done properly.
Companion legislation (H.R. 5) was introduced earlier this year in the U.S. House of Representatives.
ICSC supports both versions of this bill and believes the bipartisan introduction of S. 951 represents a huge step forward in making regulatory reform a reality in the 115th Congress.