TheHouse today approved H.R. 5, the Regulatory Accountability Act, legislation that would modernize the rulemaking process under the Administrative Procedures Act and make the regulatory process more transparent, agencies more accountable and regulations more cost-effective.
The House action comes one week after the chamber passed two other NAHB-supported regulatory relief measures - the REINS Act and the Midnight Rules Relief Act. The Reins Act would require Congress to approve all federal regulations that have an annual economic impact of $100 million or more.
The Midnight Rules Relief Act would allow Congress to examine under the Congressional Review Act multiple regulations pushed through by an outgoing administration.
Due to their importance to the housing industry, NAHB designated passage of all three regulatory relief bills as 'key votes' and will push for their approval in the Senate. However, the association faces an uphill battle given the 60-vote filibuster threshold needed to advance legislation in the upper chamber.
For more information, email Alex Strongat NAHB or call him at 800-368-5242 x8279.
NAHB - National Association of Home Builders published this content on 11 January 2017 and is solely responsible for the information contained herein.
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