SMART Act of 2019

Summary

Setting Manageable Analysis Requirements in Text Act of 2019 or the SMART Act of 2019 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.

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Documents

6 official files

• Reported to Senate (text)

  Reported to Senate · EN · 15 July 2019

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• Reported to Senate (PDF)

  Reported to Senate · EN · 15 July 2019

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• Reported to Senate

  summary · EN · 15 July 2019

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• Introduced in Senate (text)

  Introduced in Senate · EN · 13 May 2019

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 13 May 2019

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• Introduced in Senate

  summary · EN · 13 May 2019

  Open at official source

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