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a copy of the rule; a concise general statement relating to the rule, including whether it is a major rule; and the proposed effective date of the rule. a complete copy of the cost-benefit analysis of the rule, if any; the agency’s actions relevant to sections 603, 604, 605, 607, and 609; the agency’s actions relevant to sections 202, 203, 204, and 205 of the Unfunded Mandates Reform Act of 1995; and any other relevant information or requirements under any other Act and any relevant Executive orders. Upon receipt of a report submitted under subparagraph (A), each House shall provide copies of the report to the chairman and ranking member of each standing committee with jurisdiction under the rules of the House of Representatives or the Senate to report a bill to amend the provision of law under which the rule is issued. the title of the rule; the Federal Register citation for the rule, if any; the date on which rule was submitted to the Comptroller General; and a description of the provisions of the rule that are being revoked, suspended, replaced, amended, or otherwise made ineffective. The Comptroller General shall provide a report on each major rule to the committees of jurisdiction in each House of the Congress by the end of 15 calendar days after the submission or publication date as provided in section 802(b)(2). The report of the Comptroller General shall include an assessment of the agency’s compliance with procedural steps required by paragraph (1)(B). Federal agencies shall cooperate with the Comptroller General by providing information relevant to the Comptroller General’s report under subparagraph (A). the Congress receives the report submitted under paragraph (1); or the rule is published in the Federal Register, if so published; on which either House of Congress votes and fails to override the veto of the President; or occurring 30 session days after the date on which the Congress received the veto and objections of the President; or the date the rule would have otherwise taken effect, if not for this section (unless a joint resolution of disapproval under section 802 is enacted). Except for a major rule, a rule shall take effect as otherwise provided by law after submission to Congress under paragraph (1). Notwithstanding paragraph (3), the effective date of a rule shall not be delayed by operation of this chapter beyond the date on which either House of Congress votes to reject a joint resolution of disapproval under section 802. A rule shall not take effect (or continue), if the Congress enacts a joint resolution of disapproval, described under section 802, of the rule. A rule that does not take effect (or does not continue) under paragraph (1) may not be reissued in substantially the same form, and a new rule that is substantially the same as such a rule may not be issued, unless the reissued or new rule is specifically authorized by a law enacted after the date of the joint resolution disapproving the original rule. Notwithstanding any other provision of this section (except subject to paragraph (3)), a rule that would not take effect by reason of subsection (a)(3) may take effect, if the President makes a determination under paragraph (2) and submits written notice of such determination to the Congress. necessary because of an imminent threat to health or safety or other emergency; necessary for the enforcement of criminal laws; necessary for national security; or issued pursuant to any statute implementing an international trade agreement. An exercise by the President of the authority under this subsection shall have no effect on the procedures under section 802 or the effect of a joint resolution of disapproval under this section. in the case of the Senate, 60 session days, or in the case of the House of Representatives, 60 legislative days, in the case of the Senate, the 15th session day, or in the case of the House of Representatives, the 15th legislative day, a report on such rule were submitted to Congress under subsection (a)(1) on such date. Nothing in this paragraph shall be construed to affect the requirement under subsection (a)(1) that a report shall be submitted to Congress before a rule can take effect. A rule described under paragraph (1) shall take effect as otherwise provided by law (including other subsections of this section). For purposes of this subsection, section 802 shall also apply to any major rule promulgated between March 1, 1996 , and the date of the enactment of this chapter. such rule were published in the Federal Register on the date of enactment of this chapter; and a report on such rule were submitted to Congress under subsection (a)(1) on such date. The effectiveness of a rule described under paragraph (1) shall be as otherwise provided by law, unless the rule is made of no force or effect under section 802. Any rule that takes effect and later is made of no force or effect by enactment of a joint resolution under section 802 shall be treated as though such rule had never taken effect. If the Congress does not enact a joint resolution of disapproval under section 802 respecting a rule, no court or agency may infer any intent of the Congress from any action or inaction of the Congress with regard to such rule, related statute, or joint resolution of disapproval. “This Act may be cited as the ‘Truth in Regulating Act of 2000’. increase the transparency of important regulatory decisions; promote effective congressional oversight to ensure that agency rules fulfill statutory requirements in an efficient, effective, and fair manner; and increase the accountability of Congress and the agencies to the people they serve. ‘agency’ has the meaning given such term under section 551(1) of title 5 , United States Code; ‘economically significant rule’ means any proposed or final rule, including an interim or direct final rule, that may have an annual effect on the economy of $100,000,000 or more or adversely affect in a material way the economy, a sector of the economy, productivity, competition, jobs, the environment, public health or safety, or State, local, or tribal governments or communities; and an explanation of how any strengths or weaknesses in those data, methodology, and assumptions support or detract from conclusions reached by the agency; and the implications, if any, of those strengths or weaknesses for the rulemaking. When an agency publishes an economically significant rule, a chairman or ranking member of a committee of jurisdiction of either House of Congress may request the Comptroller General of the United States to review the rule. The Comptroller General shall submit a report on each economically significant rule selected under paragraph (4) to the committees of jurisdiction in each House of Congress not later than 180 calendar days after a committee request is received. The report shall include an independent evaluation of the economically significant rule by the Comptroller General. an evaluation of the agency’s analysis of the potential benefits of the rule, including any beneficial effects that cannot be quantified in monetary terms and the identification of the persons or entities likely to receive the benefits; an evaluation of the agency’s analysis of the potential costs of the rule, including any adverse effects that cannot be quantified in monetary terms and the identification of the persons or entities likely to bear the costs; an evaluation of the agency’s analysis of alternative approaches set forth in the notice of proposed rulemaking and in the rulemaking record, as well as of any regulatory impact analysis, federalism assessment, or other analysis or assessment prepared by the agency or required for the economically significant rule; and a summary of the results of the evaluation of the Comptroller General and the implications of those results. The Comptroller General shall have discretion to develop procedures for determining the priority and number of requests for review under paragraph (1) for which a report will be submitted under paragraph (2). Each agency shall promptly cooperate with the Comptroller General in carrying out this Act. Nothing in this Act is intended to expand or limit the authority of the Government Accountability Office. “There are authorized to be appropriated to the Government Accountability Office to carry out this Act $5,200,000 for each of fiscal years 2000 through 2002. This Act and the amendments made by this Act shall take effect 90 days after the date of enactment of this Act [ Oct. 17, 2000 ]. The pilot project under this Act shall continue for a period of 3 years, if in each fiscal year, or portion thereof included in that period, a specific annual appropriation not less than $5,200,000 or the pro-rated equivalent thereof shall have been made for the pilot project. Before the conclusion of the 3-year period, the Comptroller General shall submit to Congress a report reviewing the effectiveness of the pilot project and recommending whether or not Congress should permanently authorize the pilot project.”