See How Your Politicians Voted
Title: Red Tape Reduction and Small Business Job Creation Act
Vote Smart's Synopsis:
Vote to pass a bill that prohibits "significant regulatory actions" until the United States unemployment rate is 6 percent or less.
Highlights:
- Prohibits an agency from taking any “significant regulatory action” until the unemployment rate is equal to or less than 6 percent (Sec. 102).
- Defines “significant regulatory action” as any action that is likely to result in a rule or guidance with a fiscal effect of $50 million or more as determined by the Office of Management and Budget, or to adversely affect one of the following, including, but not limited to (Sec. 105):
- The economy;
- Jobs;
- The environment; or
- Public health or safety.
- Authorizes an agency to take a “significant regulatory action” if the President determines by Executive Order that the action is any of the following (Sec. 103):
- Necessary because of an imminent threat to health, safety, or another emergency;
- Necessary for the enforcement of criminal or civil rights laws;
- Necessary for the national security of the United States; or
- Issued pursuant to any statute that implements an international trade agreement.
- Authorizes the President to submit a request for a “significant regulatory action” to Congress for a waiver if the action is not eligible for a Presidential waiver (Sec. 103).
- Prohibits an agency from proposing or finalizing a “midnight rule” that is likely to result in a fiscal effect of $50 million or more as determined by the Office of Management and Budget, or to adversely affect any of the following, including, but not limited to (Sec. 202):
- The economy;
- Jobs;
- The environment; or
- Public health or safety.
- Defines “midnight rule” as any agency statement issued during a specified period of time that is intended to have the force and effect of a law and is designed for one of the following reasons (Sec. 205):
- To implement, interpret, or prescribe law or policy; or
- To describe the procedure or practice requirements of an agency.
- Exempts agencies from the provisions of this bill if a deadline for action meets the following criteria (Sec. 203):
- Is for, relating to, or involving any “midnight rule”;
- Is established before the beginning of the temporary prohibition on “significant regulatory action”; or
- Is required to be taken during the temporary prohibition on “significant regulatory action.”