S.4151

Federal SB4151 amends the Unfunded Mandates Reform Act of 1995 to enhance regulatory impact analyses for major rules.

Federal SB4151 amends the Unfunded Mandates Reform Act of 1995 to enhance regulatory impact analyses for major rules. The bill requires agencies to prepare and publish initial and final regulatory impact analyses for major rules, which must include assessments of economic effects, costs, benefits, and potential job impacts. It mandates consultations with state, local, and tribal governments, and private sector entities, to gather input on regulatory alternatives and potential flexibilities.