05/01/2017

Regulatory Accountability Act Introduced in Senate with Bipartisan Support

The bill creates a more transparent, accountable regulatory process for American businesses

On April 26, the Regulatory Accountability Act (RAA) was introduced in the U.S. Senate with bipartisan support from Senators Rob Portman (OH) and Heidi Heitkamp (ND). The RAA has a goal of creating a more transparent, accountable regulatory process that would yield more effective regulatory outcomes for American businesses.

Specifically, the bill would do the following: require effective cost-benefit analysis; improve transparency and accountability in the federal regulatory process; provide certainty for businesses and consumers; create an automatic review process for major regulations; and, allow federal agency hearings on the most significant regulations.

Click here to view a summary of the bill; click here to read the complete article from the Ohio AgriBusiness Associaton (OABA).