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Bill117th CongressFiled Sep 22, 2021Government Operations and Politics
S. 2801

SMART Act of 2022

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Under committee review

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What it doesSummary reported to senate (Dec 19, 2022)

Setting Manageable Analysis Requirements in Text Act of 2022 or the SMART Act of 2022

This bill requires agencies, when publishing a proposed or final major rule, to include a framework for assessing whether the rule achieves its regulatory objective. An agency must assess a rule in the time frame included in the framework. The assessment must compare the rule's anticipated and actual benefits and costs.

The bill defines a major rule as a rule likely to cause (1) an annual effect on the economy of $100 million or more; (2) a major increase in costs or prices; or (3) significant adverse effects on competition, employment, investment, productivity, innovation, health, safety, the environment, or the ability of U.S.-based enterprises to compete with foreign-based enterprises.

What just happenedDec 19, 2022

Placed on Senate Legislative Calendar under General Orders. Calendar No. 672.

Who’s behind it

Sen. Sinema, Kyrsten [D-AZ](D-AZ)Sponsor
1 cosponsor1 R
Read on Congress.gov
1cosponsors1committees6actions6subjects
  1. Dec 19, 2022Calendars

    Placed on Senate Legislative Calendar under General Orders. Calendar No. 672.

  2. Dec 19, 2022Committee

    Committee on Homeland Security and Governmental Affairs. Reported by Senator Peters with an amendment in the nature of a substitute. With written report No. 117-273.

    Homeland Security and Governmental Affairs Committee
  3. Dec 19, 2022Committee14000

    Committee on Homeland Security and Governmental Affairs. Reported by Senator Peters with an amendment in the nature of a substitute. With written report No. 117-273.

    Homeland Security and Governmental Affairs Committee
  4. Feb 2, 2022Committee

    Committee on Homeland Security and Governmental Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.

    Homeland Security and Governmental Affairs Committee
  5. Sep 22, 2021IntroReferral

    Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

    Homeland Security and Governmental Affairs Committee
  6. Sep 22, 2021IntroReferral10000

    Introduced in Senate

Reported to SenateDec 19, 202225

Setting Manageable Analysis Requirements in Text Act of 2022 or the SMART Act of 2022

This bill requires agencies, when publishing a proposed or final major rule, to include a framework for assessing whether the rule achieves its regulatory objective. An agency must assess a rule in the time frame included in the framework. The assessment must compare the rule's anticipated and actual benefits and costs.

The bill defines a major rule as a rule likely to cause (1) an annual effect on the economy of $100 million or more; (2) a major increase in costs or prices; or (3) significant adverse effects on competition, employment, investment, productivity, innovation, health, safety, the environment, or the ability of U.S.-based enterprises to compete with foreign-based enterprises.

Introduced in SenateSep 22, 2021

Setting Manageable Analysis Requirements in Text Act of 2021 or the SMART Act of 2021

This bill requires agencies, when publishing a proposed or final major rule, to include a framework for assessing whether the rule achieves its regulatory objective. An agency must assess a rule in the time frame included in the framework. The assessment must compare the rule's anticipated and actual benefits and costs.

The bill defines a major rule as a rule likely to cause (1) an annual effect on the economy of $100 million or more; (2) a major increase in costs or prices; or (3) significant effects on competition, employment, investment, productivity, innovation, health, safety, the environment, or the ability of U.S.-based enterprises to compete with foreign-based enterprises.

SMART Act of 2022 — Informed