Economic and Employment Impact Act

Summary

Economic and Employment Impact Act - Requires the Director of the Congressional Budget Office to prepare an economic and employment impact statement to accompany each bill or joint resolution reported by any congressional committee (except the Committee on Appropriations) or considered on the floor of either House. Requires such statement to include: (1) an estimate of the numbers of individuals and businesses who would be regulated by the legislation and their groups and classes; (2) the economic impact of such regulation on individuals, consumers, and businesses affected; and (3) an estimate of costs which would be incurred by the private sector in complying with such legislation in each of the five fiscal years after it is to become effective, together with the basis for each such estimate, and of costs which would be incurred by State and local governments. Requires the statement to be printed in the committee report and, if unavailable for such publication, published in the Congressional Record within two calendar days before any floor consideration of the legislation by either House. Requires each executive department and agency to prepare such a statement to accompany regulatory actions, publish the statement in the Federal Register together with the regulatory action, and make the statement available to the public if such action is not published in the Federal Register. Provides that nothing in this Act shall be construed to modify or otherwise affect the requirements of rule XXVI of the Standing Rules of the Senate regarding committee preparation of an evaluation of regulatory impact with respect to legislation. Requires the Director, department, or agency to submit a statement setting forth the reasons if it is impracticable to comply with this Act. Sets forth provisions authorizing a national security emergency waiver of Act requirements under specified circumstances.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 10 March 1994

   Introduced

   Introduced in House

   Source: IntroReferral

2. 10 March 1994

   Introduced

   Referred to the House Committee on Government Operations.

   Source: IntroReferral

3. 10 March 1994

   Introduced

   Introduced in House

   Source: IntroReferral

4. 15 March 1994

   Referred

   Referred to the Subcommittee on Legislation and National Security.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 10 March 1994 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 10 March 1994

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 10 March 1994

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 10 March 1994

  Open at official source

Sponsors

• Rep. Cox, Christopher [R-CA-40] · R · Sponsor
• · hsgo00 · Standing
• · hsru00 · Standing

Related records

• related to → Economic and Employment Impact Act