Summary of Amendments Submitted to the Rules Committee for H.R. 899 - Unfunded Mandates Information and Transparency Act of 2013
Summaries Derived from Information Provided by Sponsors
Listed in Alphabetical Order
Feb 26, 2014 2:00 PM
Click on sponsor for amendment text.
Ensures that other impacted entities, such as public interest organizations, are provided any opportunity for consultation afforded to the private sector under the Act. |
||
Strikes section 5 of the bill, which would eliminate the current exemption from the Unfunded Mandate Reform Act for certain independent agencies. |
||
WITHDRAWN Amends Section 5 of the bill to clarify that the Federal Reserve's Unfunded Mandates Reform Act exception only apply to its monetary policy functions. |
||
WITHDRAWN Abolishes each federal agency after one year that does not comply with the provisions set forth by the Unfunded Mandates Information and Transparency Act of 2013. |
||
Adds Section 14 to the bill to clarify that the requirements of UMRA as amended by this Act do not apply if a cost-benefit analysis demonstrates that the benefits of the regulatory action exceed its costs. |