S 76 ยท SMART Act of 2025
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
- Introduced
- Jan 13, 2025
- Latest action
- Jan 13, 2025
- Sponsor
- Sen. James Lankford [R-OK]
- Policy area
- Government Operations and Politics
- Cosponsors
- 1
Summary
Setting Manageable Analysis Requirements in Text Act of 2025 or the SMART Act of 2025 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. Additionally, the assessment must determine whether (1) the rule has been rendered unnecessary because of changes to the subject area affected by the rule or it overlaps with, duplicates, or conflicts with other rules, or state and local government regulations; (2) the rule should be expanded, streamlined, or otherwise modified to accomplish the rule's objective; and (3) other alternatives or modifications to the rule could better achieve the rule's objective. 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.
Recent actions
- Jan 13, 2025 Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
- Jan 13, 2025 Introduced in Senate
Votes
No recorded votes are available for this bill.