To require the Bureau of Safety and Environmental Enforcement to review the economic impact of a rule on small entities.

SA 3075. Mr. VITTER submitted an amendment intended to be proposed to
amendment SA 2953 proposed by Ms. Murkowski to the bill S. 2012, to
provide for the modernization of the energy policy of the United
States, and for other purposes; which was ordered to lie on the table;
as follows:

At the appropriate place, insert the following:

SEC. __. REVIEW OF ECONOMIC IMPACT OF BSEE RULE ON SMALL
ENTITIES.

(a) Definitions.--In this section--

[[Page S364]]

(1) the term ``BSEE'' means the Bureau of Safety and
Environmental Enforcement;
(2) the term ``Chief Counsel'' means the Chief Counsel for
Advocacy of the Small Business Administration;
(3) the term ``covered proposed rule'' means the proposed
rule of the BSEE entitled ``Oil and Gas and Sulphur
Operations in the Outer Continental Shelf--Blowout Preventer
Systems and Well Control'' (80 Fed. Reg. 21504 (April 17,
2015)); and
(4) the term ``small entity'' has the meaning given the
term in section 601 of title 5, United States Code.
(b) Requirement to Conduct Review.--
(1) In general.--If the BSEE issues a final rule for the
covered proposed rule, then not later than 1 year after the
effective date of the final rule the BSEE, in consultation
with the Chief Counsel, shall complete a review of the final
rule under section 610 of title 5, United States Code.
(2) Assessment of economic impact.--In conducting the
review required under paragraph (1), the BSEE, in
consultation with the Chief Counsel, shall assess the
economic impact of the final rule on small entities in the
oil and gas supply chain.
(3) Report.--Not later than 180 days after the date on
which the review is completed under this subsection, the
BSEE, in consultation with the Chief Counsel, shall submit to
Congress a report on the findings of the review.
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