Section 1 Short title
This Act may be cited as the “Reset Act of 2017”.
Reset Act of 2017
A BILL
To provide for a study and reconsideration by Congress of certain major rules, and for other purposes.
Sec. 2 Government accountability office study of rules
In general— The Comptroller General of the United States shall conduct a study to determine, as of the date of the enactment of this Act—
how many rules (as such term is defined in section 804 of title 5, United States Code) were in effect;
how many major rules (as such term is defined in section 804 of title 5, United States Code) were in effect; and
the total estimated economic cost imposed by all such rules.
Report— Not later than 1 year after the date of the enactment of this Act, the Comptroller General of the United States shall submit a report to Congress that contains the findings of the study conducted under subsection (a).
Sec. 3 Major rules currently in effect
In the case of any major rule (as such term is defined in section 804 of title 5, United States Code) that is in effect on the date of enactment of this Act, for purposes of chapter 8 of title 5, United States Code, the rule shall be deemed to be a major rule for which a report was submitted under section 801(a)(1) of such title on the date the report under section 2 is submitted, and the provisions of such chapter shall apply for purposes of providing for a period of review in which a joint resolution of disapproval may be enacted.