Rulemaking Improvements Act

[AI summary unavailable — showing source text] Rulemaking Improvements Act - Amends the Administrative Procedure Act to revise the definition of the term "rule" to include an agency statement which is applied in a manner which has the effect of implementing, interpreting, or prescribing law or policy. Defines the term "emergency rule" as a rule which becomes effective prior to the expiration of the time period required by such Act for public notice of and participation in agency rulemaking and for which the agency publishes a statement finding that a delay in the effective date would seriously harm a person, property, or the public interest. Requires general notice of a proposed rulemaking to be published or served at least 60 days before the effective date of the rule. Requires that such notice include: (1) a description of each significant benefit likely to be achieved by the rule; (2) a description of the significant costs and adverse effects likely to be incurred by the public and the private sectors as a result of the rule; (3) an explanation of how such benefits will outweigh such costs and adverse effects; (4) a description of all reasonable alternative public or private means of achieving such benefits; and (5) an expla…