What does Preamble of Unfunded Mandates Accountability and Transparency Act of 2026 do?

This bill amends the Unfunded Mandates Reform Act of 1995. It aims to provide for regulatory impact analyses for certain rules. The bill's stated purpose is 'to provide for regulatory impact analyses for certain rules, and for other purposes.'

What does SHORT TITLE. of Unfunded Mandates Accountability and Transparency Act of 2026 do?

This bill is formally titled the Unfunded Mandates Accountability and Transparency Act of 2026.

What does REGULATORY IMPACT ANALYSES FOR CERTAIN RULES. of Unfunded Mandates Accountability and Transparency Act of 2026 do?

This section amends the Unfunded Mandates Reform Act of 1995. It revises the definition of 'major rule' to include rules with significant economic effects. Agencies must prepare and publish initial and final regulatory impact analyses for major rules. These analyses must include benefits and costs, regulatory alternatives, and compliance information. The section also requires assessment of budgetary effects and job creation or loss.

What does ENHANCED STAKEHOLDER CONSULTATION. of Unfunded Mandates Accountability and Transparency Act of 2026 do?

This section amends the Unfunded Mandates Reform Act of 1995 It expands the scope of stakeholder consultation to include private sector entities Agencies must consult with State, local, and Tribal officials, as well as impacted private sector parties Consultations should occur early in the rulemaking process and consider geographic and political factors Agencies must estimate benefits and costs to inform consultations

What does MAXIMIZE NET BENEFITS OR PROVIDE EXPLANATION. of Unfunded Mandates Accountability and Transparency Act of 2026 do?

This section amends Title II of the Unfunded Mandates Reform Act of 1995. It strikes section 205 and replaces it with a new section 205 titled 'Maximize Net Benefits'. The new section 205 requires agencies to select the alternative that maximizes net benefits when promulgating major rules requiring a regulatory impact analysis. Exceptions to this requirement exist if approved by the Administrator of the Office of Information and Regulatory Affairs, or to account for unquantifiable costs or benefits, or to achieve additional benefits or cost reductions. Section 206 of the Unfunded Mandates Reform Act of 1995 is amended to replace 'statements' with 'analysis' in certain instances.

What does NEW AUTHORITIES AND RESPONSIBILITIES FOR OFFICE OF INFORMATION of Unfunded Mandates Accountability and Transparency Act of 2026 do?

This section amends Section 208 of the Unfunded Mandates Reform Act of 1995. The Administrator of the Office of Information and Regulatory Affairs (OIRA) is assigned responsibilities related to agency major rules requiring regulatory impact analyses. The Administrator must provide guidance and oversight to ensure these rules are consistent with the Unfunded Mandates Reform Act and applicable laws, and do not conflict with other agencies' policies. If the Administrator finds noncompliance, they must identify the issues, notify the agency, and request compliance before finalization. The Administrator must submit an annual report to Congress detailing agency compliance with the Act's requirements regarding major rules and regulatory impact analyses.

What does INITIATION OF RULEMAKING. of Unfunded Mandates Accountability and Transparency Act of 2026 do?

This section amends the Unfunded Mandates Reform Act of 1995. It redesignates section 209 of the Act as section 210. It adds a new section 209 to the Act, titled 'Initiation of Rulemaking for Major Rules'. When an agency initiates a rulemaking that may result in a major rule, it must establish an electronic docket. The agency must publish a notice of initiation of rulemaking in the Federal Register. This notice must briefly describe the rule's subject, objectives, and the problem it aims to solve. The notice must refer to the legal authority for the rulemaking. It must invite public input on alternatives and ideas. The notice must indicate how to submit written material for the docket. The notice must appear in the Federal Register no later than 90 days before the proposed rulemaking notice.

What does INCLUSION OF APPLICATION TO INDEPENDENT REGULATORY AGENCIES. of Unfunded Mandates Accountability and Transparency Act of 2026 do?

This section amends the Congressional Budget Act of 1974 It removes the exemption for independent regulatory agencies An exemption for monetary policy is added to the Unfunded Mandates Reform Act of 1995

What does JUDICIAL REVIEW. of Unfunded Mandates Accountability and Transparency Act of 2026 do?

This section amends Title IV of the Unfunded Mandates Reform Act of 1995 A person aggrieved by final agency action can seek judicial review Judicial review scope is governed by Chapter 7 of title 5, United States Code Courts with jurisdiction to review rules under section 553 have jurisdiction under this section Relief can be granted in the form of remedial action by the agency

What does APPLYING SUBSTANTIVE POINT OF ORDER TO PRIVATE SECTOR MANDATES. of Unfunded Mandates Accountability and Transparency Act of 2026 do?

This section amends Section 425(a)(2) of the Congressional Budget Act of 1974. The amendment strikes 'Federal intergovernmental mandates' and inserts 'Federal mandates'. The amendment also strikes 'section 424(a)(1)' and inserts 'subsection (a)(1) or (b)(1) of section 424'.

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Unfunded Mandates Accountability and Transparency Act of 2026

Last updated: 3/19/2026 · Introduced: 3/19/2026

Author: Deb Fischer (R-NE)

TL;DR (AI)

This bill revises the definition of 'major rule' to include those with significant economic effects, requiring agencies to conduct detailed regulatory impact analyses.
Agencies must now consult with state, local, tribal officials, and private sector entities early in the rulemaking process, considering geographic and political factors.
When developing major rules, agencies are now required to select the alternative that maximizes net benefits, with exceptions approved by the Office of Information and Regulatory Affairs.
The Office of Information and Regulatory Affairs (OIRA) gains oversight responsibilities to ensure agency compliance with the Unfunded Mandates Reform Act and provide guidance on major rules.
Before initiating rulemaking for major rules, agencies must establish an electronic docket and publish a notice in the Federal Register outlining the rule's objectives and inviting public input.

119th Congressin committeeHR. 580(In Committee)Official page

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Includes provisions on preamble, short title., and 9 more.

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