S. 2801 · 117th Congress
SMART Act of 2022
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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
SinemaSponsor1 cosponsor · 1 R
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Setting Manageable Analysis Requirements in Text Act of 2022 or the SMART Act of 202 2
What it does: CRS summary · Reported to Senate · Dec 19, 2022
Setting Manageable Analysis Requirements in Text Act of 2022 or the SMART Act of 2022
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 adverse 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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: SMART Act of 2022
Also known as: SMART Act of 2021; Setting Manageable Analysis Requirements in Text Act of 2021; Setting Manageable Analysis Requirements in Text Act of 2022
Latest action (Dec 19, 2022): Placed on Senate Legislative Calendar under General Orders. Calendar No. 672.
Policy area: Government Operations and Politics · Origin: Senate · Introduced: Sep 22, 2021
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.