OIRA Insight, Reform, and Accountability Act
This bill codifies and revises the centralized regulatory review process, currently required under executive order, to require the Office of Information and Regulatory Affairs (OIRA) within the Office of Management and Budget to: (1) review agencies' significant regulatory actions for compliance with procedures for cost-benefit determinations, assessments of alternatives, avoidance of conflicts with other regulations, and consideration of risks and enforcement costs; (2) circulate agency regulatory plans to other agencies to determine whether an agency's actions will conflict with actions taken or planned by other agencies; (3) chair the Regulatory Working Group that assists agencies with regulatory issues; and (4) publish a unified agenda of each agency's regulations that are under development or review.
OIRA's review is expanded to independent regulatory agencies.
Each year, OIRA must publish the unified agenda by April 15 and October 15. The agenda must explain why any regulation included in the immediately previous agenda is no longer included.
The deadline for OIRA's review may be extended for any number of additional 30-day periods upon written request by OIRA or the agency.
Within 24 hours after OIRA's review, the agency that submitted the regulation must provide OIRA with a redline of any changes the agency made to the regulatory action during the review period. OIRA must disclose the redline to the public online within three days after the earliest of: (1) the date OIRA completes the review, (2) the date on which such agency publishes the regulatory action in the Federal Register, or (3) the date on which the agency announces a decision not to publish the regulatory action.