the term covered rule means a rule of an agency that causes a new financial or administrative burden on businesses in the United States or on the people of the United States, as determined by the head of the agency;
the cost of the covered rule to be issued is less than or equal to the cost of the covered rules repealed under clause (i), as determined and certified by the head of the agency; or
the cost of the covered rule to be issued is less than or equal to the cost of the covered rules repealed or amended under clause (i), as determined and certified by the head of the agency.
Penalty for failure to repeal or amend rules— During the period beginning on the date of failure to comply by an agency with paragraph (1) in issuing a covered rule, and ending on the date on which the agency complies with paragraph (1) with respect to that covered rule, no statutory pay adjustment (as defined in section 147(b) of the Continuing Appropriations Act, 2011 (5 U.S.C. 5303 note)) shall take effect with respect to any employee of the agency.
Considerations for repealing rules— In determining whether to repeal a covered rule under subparagraph (A)(i) or (B)(i) of subsection (b)(1), the head of the agency that issued the covered rule shall consider—
any adverse effects that could materialize if the covered rule is repealed, in particular if those adverse effects are the reason the covered rule was originally issued;
Requirements— Each agency shall, on a semiannual basis, submit jointly and without delay to the Office of Information and Regulatory Affairs for publication in the Unified Agenda a list containing—
each covered rule that the agency intends to repeal or amend in accordance with subsection (b) during the 6-month period following the date of submission; and