Article I Project

May 25, 2016

A1P: Article I Regulatory Budget

ActRegulatory Budget Act
The Regulatory System is Out of Control

Federal regulatory costsregulations the thousands of pages of dos

and donts Washington bureaucrats impose on Americans every year
are estimated to cost American families and businesses almost $2
trillion annuallyper year.
This ese costly rules act as a hidden tax artificially inflates the costs
of everything Americans buy and sell, all without a single vote in
Congress. that impose costs on private entities.
Small business dynamism and economic growth have been slowing in
recent years.Regulations hurt working families and small businesses
while unfairly helping giant corporations who can afford all the
increased overhead costs.
And its all because These regulations are implemented by unchecked
federal agencies made up of unelected bureaucrats and are not
accountable for their actions.
Congress has spent decades delegating handing off their its legislative
constitutional powers to the Executive Branch to duck political
responsibilityaccountability for actual policy decisions.

A1P Seeks toReforms Would Make Congress and Agencies

Accountable to the American PeopleAgain

Under the Constitution, the federal government is supposed to work for

the American people, not the other way around.

we need to change
this textThe power of the executive branch has grown far beyond what the
founders intended. The Regulatory Budget Act would rein the costs
associated with that power back in one regulation at a timeBy putting
Congress back in charge of federal policymaking, the Regulatory Budget
would put the American people back in charge of Washington.
One Pager

Central among to A1Ps goals agenda to re-empower Congress, and by

extension the American people, is to restore direct, accountable
congressional control over the federal regulatory system.
By putting Congress back in charge of federal policymaking, we can put
the American people back charge of Washington.

The A1P Article I Regulatory Budget Act Would:

Provide an active role forRequire Congress in settingto approve total

the levels for the cost of regulatory costs Executive Branch agencies
could impose each year, incentivizing regulators to make regulations as
cost-effective as possible.ions promulgated by agencies.
Expand the Presidents budget request to include a request for
regulatory cost authority for new rules.
Require significant guidance to go through a period of notice and
commentEliminate the abuse of regulatory dark matter.
Place hard cost caps on regulators to encourage them to revisit and
revise old rules to reduce the economic cost of current regulations.
Establish an enforcement mechanism for regulatory cost control
through the appropriations process.Automatically defund enforcement
of any rule that breaches an agencys regulatory cost cap.
Require CBO and OMB to build a regulatory baseline that encompasses
the costs imposed on the economy by all current and proposed
regulations.
Empower CBO to score legislation on both fiscal and regulatory
costs.Empower voters to hold Representatives and Senators responsible
for dysfunctional and abusive regulations.

Article I Project