Amendment reduces the cost threshhold from $100 million to $50 million for the requirement that all regulations must be approved by Congress.

1. Replaces “$100,000,000” with “$50,000,000”

   ReplacesPage 20, line 16Printed page

   In H.R. 367 · Reported in House

   "(2) The term 'major rule' means any rule, including an interim final rule, that the Administrator of the Office of Information and Regulatory Affairs of the Office of Management and Budget finds has resulted in or is likely to result in--

   "(A) an annual effect on the economy of [struck: $100,000,000][inserted: $50,000,000] or more;

   "(B) a major increase in costs or prices for consumers, individual industries, Federal, State, or local government agencies, or geographic regions; or

   Original wording

   Page 20, line 16, strike “$100,000,000” and insert “$50,000,000”.

Read automatically from the Congressional Record. Check the original before relying on it.

As printed