Article I Regulatory Budget Act

[AI summary unavailable — showing source text] Article I Regulatory Budget Act This bill amends the Congressional Budget Act of 1974 and other laws to establish and enforce a federal regulatory budget. The President's annual budget submission must include an analysis of the cost of compliance with current and proposed federal regulations and proposals for complying with the levels and allocations established pursuant to this bill. The bill amends the Regulatory Flexibility Act to require agencies to provide additional analysis of the private sector costs for compliance with new regulations. An agency may not issue certain guidance documents setting forth policies or interpretations regarding statutory, regulatory, or technical issues unless it has provided notice and an opportunity for comment. A concurrent resolution on the budget must include levels for the federal regulatory cost for at least five years. The bill establishes a process for allocating the totals among congressional committees, agencies, programs, and major functional categories. The bill establishes procedures for enforcing the requirements, including: points of order which may be raised against legislation to enforce the allocations, subject to a waiver by Co…