H.R. 3230, Unfunded Mandates Accountability and Transparency Act of 2023
As ordered reported by the House Committee on Oversight and Accountability on July 12, 2023
By Fiscal Year, Millions of Dollars
2024
2024-2029
2024-2034
Direct Spending (Outlays)
a
a
a
Revenues
a
a
a
Increase or Decrease (-) in the Deficit
a
a
a
Spending Subject to Appropriation (Outlays)
a
a
a
Increases net direct spending in any of the four consecutive 10-year periods beginning in 2035?
a
Statutory pay-as-you-go procedures apply?
Yes
Mandate Effects
Increases on-budget deficits in any of the four consecutive 10-year periods beginning in 2035?
a
Contains intergovernmental mandate?
No
Contains private-sector mandate?
Yes, Under Threshold
a. CBO has no basis on which to estimate the total budgetary effects of enacting H.R. 3230.
The bill would
Require agencies that promulgate any rule with an annual economic effect of $100 million or more to publish a regulatory impact analysis for that rule
Require agencies that promulgate such rules to undertake and report on cost-benefit analyses, consultations with interested parties, and assessments of alternatives to those rules
Impose mandates on private-sector entities
Estimated budgetary effects would mainly stem from
Increased analysis and reporting requirements for which agencies would need additional staff
Increases in costs for agencies that are funded through annual appropriations to carry out the provisions of the bill
Increases in direct spending and decreases in revenues for several fee-funded, independent agencies as well as the Federal Reserve System to carry out provisions of the bill
Areas of significant uncertainty include
Increased analysis determining whether rules that are delayed because of the bill’s requirements would have a net cost or savings for the federal government
