SMART Act of 2022

Summary

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.

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

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

6 official files

• Reported to Senate (text)

  Reported to Senate · EN · 19 December 2022

  ViewDownloadOpen at official source

• Reported to Senate (PDF)

  Reported to Senate · EN · 19 December 2022

  ViewDownloadOpen at official source

• Reported to Senate

  summary · EN · 19 December 2022

  Open at official source

• Introduced in Senate (text)

  Introduced in Senate · EN · 22 September 2021

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 22 September 2021

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 22 September 2021

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.