Section 1 Short title
This Act may be cited as the “Require Evaluation before Implementing Executive Wishlists Act of 2015” or the “REVIEW Act of 2015”.
Require Evaluation before Implementing Executive Wishlists Act of 2015
A BILL
To amend title 5, United States Code, to postpone the effective date of high-impact rules pending judicial review.
Sec. 2 Relief pending review
Section 705 of title 5, United States Code, is amended—
by striking “When” and inserting the following:
“(a) In general—When”
by adding at the end the following:
“(b) High-Impact rules
“(1) Definitions—In this subsection—
“(A) the term Administrator means the Administrator of the Office of Information and Regulatory Affairs of the Office of Management and Budget; and
“(B) the term high-impact rule means any rule that the Administrator determines may impose an annual cost on the economy of not less than $1,000,000,000.
“(2) Relief
“(A) In general—Except as provided in subparagraph (B), an agency shall postpone the effective date of a high-impact rule of the agency pending judicial review.
“(B) Failure to timely seek judicial review—Notwithstanding section 553(d), if no person seeks judicial review of a high-impact rule during the 60-day period beginning on the date on which the high-impact rule is published in the Federal Register, the high-impact rule shall take effect on the date that is 60 days after the date on which the high-impact rule is published.”