Political Quotes

“Mr. Chairman, I have an amendment at the desk. The Acting CHAIR. The Clerk will designate the amendment. The text of the amendment is as follows: Page 23, line 24, strike ``and''. Page 24, insert after line 5 the following: ``(iii) in the case of a major rule, a report on the benefits and costs of the final rule on entities whose conduct is regulated by the rule in the Federal Register, to be revised every 5 years thereafter while the rule remains in effect, and including, at a minimum-- ``(I) an assessment of the impacts, including any costs, of the major rule on regulated entities; ``(II) a determination about how the actual benefits and costs of the major rule have varied from those anticipated at the time the major rule was issued; ``(III) an assessment of the effectiveness and benefits of the major rule in producing the regulatory objectives of the major rule; and ``(IV) a review by the Administrator of the Office of Information and Regulatory Affairs of the Office of Management and Budget when required under executive order; and''. Page 30, line 16, insert after ``the Federal Open Market Committee.'' the following: ``(n) Regulation-specific Frameworks.-- ``(1) Report to congress.--The agency shall provide a report to Congress not later than 90 days after the agency makes any determination under subsection (f)(4)(I)(iii)(II) that the cost to regulated entities has exceeded the anticipated cost at the time the final rule was issued.…”