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bill Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
  • The house has not voted
      house Committees
      House Committee on the Judiciary
      Regulatory Reform, Commercial, and Antitrust Law
    IntroducedOctober 24th, 2013

Bill Details

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Title

VALUE Act of 2013

Official Title

To amend title 5, United States Code, to provide for the consideration of costs and benefits during rule making and for the review of existing rules.

Summary

Verifying Agencies' Lasting Use of Expenditures Act of 2013 or the VALUE Act of 2013 - Requires a federal agency, when making a rule, to: (1) clearly identify the nature and source of the problem that the proposed rule is designed to address, (2) assess the costs and benefits of the rule, and (3) identify and assess available alternatives to the rule. Allows a rule that does not meet such requirements to take effect temporarily only if the President makes a determination by executive order that such rule is: (1) necessary because of an imminent threat to health or safety or other emergency, (2) necessary for the enforcement of criminal laws, (3) necessary for national security, or (4) issued to implement an international trade agreement. Requires the Administrator of the Office of Information and Regulatory Affairs of the Office of Management and Budget (OMB), every five years, to: (1) review the rules of each agency; (2) assess the costs and benefits of such rules to determine whether any such rules are outmoded, ineffective, insufficient, or excessively burdensome; and (3) report to the head of each agency on such review.

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