Principled Rulemaking Act of 2015

[AI summary unavailable — showing source text] Principled Rulemaking Act of 2015 Requires a federal agency to promulgate only a rule that is required by law, necessary to interpret a law, or made necessary by compelling public need. Requires an agency, before promulgating a rule, to: assess the significance of the problem the agency intends to address; consider the legal authority under which the rule may be proposed; examine whether existing rules have created or contributed to the problem and should be modified to achieve the regulatory objective more effectively; assess available alternatives to direct regulation; consider the risks posed by various substances or activities within the agency's jurisdiction; design the rule to achieve the regulatory objective in the most cost-effective manner; propose or adopt a rule only upon a reasoned determination that its benefits justify its costs and select approaches that maximize net benefits; base decisions on the best reasonably obtainable information concerning the need for, and consequences of, the rule; assess alternative forms of regulation and specify performance objectives; seek views of governmental entities before imposing regulatory requirements that may significantly or u…