text: SECTION 1. SHORT TITLE.
  
      This Act may be cited as the ``All Economic Regulations are 
  Transparent Act of 2015'' or the ``ALERT Act of 2015''.
  
  SEC. 2. OFFICE OF INFORMATION AND REGULATORY AFFAIRS PUBLICATION OF 
                INFORMATION RELATING TO RULES.
  
      (a) Amendment.--Title 5, United States Code, is amended by 
  inserting after chapter 6, the following new chapter:
  
  ``CHAPTER 6A--OFFICE OF INFORMATION AND REGULATORY AFFAIRS PUBLICATION 
                      OF INFORMATION RELATING TO RULES
  
  ``Sec. 651. Agency monthly submission to office of information and 
                              regulatory affairs.
  ``Sec. 652. Office of information and regulatory affairs publications.
  ``Sec. 653. Requirement for rules to appear in agency-specific monthly 
                              publication.
  ``Sec. 654. Definitions.
  
  ``SEC. 651. AGENCY MONTHLY SUBMISSION TO OFFICE OF INFORMATION AND 
                REGULATORY AFFAIRS.
  
      ``On a monthly basis, the head of each agency shall submit to the 
  Administrator of the Office of Information and Regulatory Affairs 
  (referred to in this chapter as the `Administrator'), in such a manner 
  as the Administrator may reasonably require, the following information:
              ``(1) For each rule that the agency expects to propose or 
          finalize during the following year:
                      ``(A) A summary of the nature of the rule, 
                  including the regulation identifier number and the 
                  docket number for the rule.
                      ``(B) The objectives of and legal basis for the 
                  issuance of the rule, including--
                              ``(i) any statutory or judicial deadline; 
                          and
                              ``(ii) whether the legal basis restricts or 
                          precludes the agency from conducting an 
                          analysis of the costs or benefits of the rule 
                          during the rule making, and if not, whether the 
                          agency plans to conduct an analysis of the 
                          costs or benefits of the rule during the rule 
                          making.
                      ``(C) Whether the agency plans to claim an 
                  exemption from the requirements of section 553 pursuant 
                  to section 553(b)(B).
                      ``(D) The stage of the rule making as of the date 
                  of submission.
                      ``(E) Whether the rule is subject to review under 
                  section 610.
              ``(2) For any rule for which the agency expects to finalize 
          during the following year and has issued a general notice of 
          proposed rule making--
                      ``(A) an approximate schedule for completing action 
                  on the rule;
                      ``(B) an estimate of whether the rule will cost--
                              ``(i) less than $50,000,000;
                              ``(ii) $50,000,000 or more but less than 
                          $100,000,000;
                              ``(iii) $100,000,000 or more but less than 
                          $500,000,000;
                              ``(iv) $500,000,000 or more but less than 
                          $1,000,000,000;
                              ``(v) $1,000,000,000 or more but less than 
                          $5,000,000,000;
                              ``(vi) $5,000,000,000 or more but less than 
                          $10,000,000,000; or
                              ``(vii) $10,000,000,000 or more; and
                      ``(C) any estimate of the economic effects of the 
                  rule, including any estimate of the net effect that the 
                  rule will have on the number of jobs in the United 
                  States, that was considered in drafting the rule. If 
                  such estimate is not available, a statement affirming 
                  that no information on the economic effects, including 
                  the effect on the number of jobs, of the rule has been 
                  considered.
  
  ``SEC. 652. OFFICE OF INFORMATION AND REGULATORY AFFAIRS PUBLICATIONS.
  
      ``(a) Agency-Specific Information Published Monthly.--Not later 
  than 30 days after the submission of information pursuant to section 
  651, the Administrator shall make such information publicly available 
  on the Internet.
      ``(b) Cumulative Assessment of Agency Rule Making Published 
  Annually.--
              ``(1) Publication in the federal register.--Not later than 
          October 1 of each year, the Administrator shall publish in the 
          Federal Register, for the previous year the following:
                      ``(A) The information that the Administrator 
                  received from the head of each agency under section 
                  651.
                      ``(B) The number of rules and a list of each such 
                  rule--
                              ``(i) that was proposed by each agency, 
                          including, for each such rule, an indication of 
                          whether the issuing agency conducted an 
                          analysis of the costs or benefits of the rule; 
                          and
                              ``(ii) that was finalized by each agency, 
                          including for each such rule an indication of 
                          whether--
                                      ``(I) the issuing agency conducted 
                                  an analysis of the costs or benefits of 
                                  the rule;
                                      ``(II) the agency claimed an 
                                  exemption from the procedures under 
                                  section 553 pursuant to section 
                                  553(b)(B); and
                                      ``(III) the rule was issued 
                                  pursuant to a statutory mandate or the 
                                  rule making is committed to agency 
                                  discretion by law.
                      ``(C) The number of agency actions and a list of 
                  each such action taken by each agency that--
                              ``(i) repealed a rule;
                              ``(ii) reduced the scope of a rule;
                              ``(iii) reduced the cost of a rule; or
                              ``(iv) accelerated the expiration date of a 
                          rule.
                      ``(D) The total cost (without reducing the cost by 
                  any offsetting benefits) of all rules proposed or 
                  finalized, and the number of rules for which an 
                  estimate of the cost of the rule was not available.
              ``(2) Publication on the internet.--Not later than October 
          1 of each year, the Administrator shall make publicly available 
          on the Internet the following:
                      ``(A) The analysis of the costs or benefits, if 
                  conducted, for each proposed rule or final rule issued 
                  by an agency for the previous year.
                      ``(B) The docket number and regulation identifier 
                  number for each proposed or final rule issued by an 
                  agency for the previous year.
                      ``(C) The number of rules and a list of each such 
                  rule reviewed by the Director of the Office of 
                  Management and Budget for the previous year, and the 
                  authority under which each such review was conducted.
                      ``(D) The number of rules and a list of each such 
                  rule for which the head of an agency completed a review 
                  under section 610 for the previous year.
                      ``(E) The number of rules and a list of each such 
                  rule submitted to the Comptroller General under section 
                  801.
                      ``(F) The number of rules and a list of each such 
                  rule for which a resolution of disapproval was 
                  introduced in either the House of Representatives or 
                  the Senate under section 802.
  
  ``SEC. 653. REQUIREMENT FOR RULES TO APPEAR IN AGENCY-SPECIFIC MONTHLY 
                PUBLICATION.
  
      ``(a) In General.--Subject to subsection (b), a rule may not take 
  effect until the information required to be made publicly available on 
  the Internet regarding such rule pursuant to section 652(a) has been so 
  available for not less than 6 months.
      ``(b) Exceptions.--The requirement of subsection (a) shall not 
  apply in the case of a rule--
              ``(1) for which the agency issuing the rule claims an 
          exception under section 553(b)(B); or
              ``(2) which the President determines by Executive order 
          should take effect because the rule is--
                      ``(A) necessary because of an imminent threat to 
                  health or safety or other emergency;
                      ``(B) necessary for the enforcement of criminal 
                  laws;
                      ``(C) necessary for national security; or
                      ``(D) issued pursuant to any statute implementing 
                  an international trade agreement.
  
  ``SEC. 654. DEFINITIONS.
  
      ``In this chapter, the terms `agency', `agency action', `rule', and 
  `rule making' have the meanings given those terms in section 551.''.
      (b) Technical and Conforming Amendment.--The table of chapters for 
  part I of title 5, United States Code, is amended by inserting after 
  the item relating to chapter 5, the following:
  
  ``6.  The Analysis of Regulatory Functions..................       601 
  ``6A.  Office of Information and Regulatory Affairs              651''.
                              Publication of Information 
                              Relating to Rules.
      (c) Effective Dates.--
              (1) Agency monthly submission to the office of information 
          and regulatory affairs.--The first submission required pursuant 
          to section 651 of title 5, United States Code, as added by 
          subsection (a), shall be submitted not later than 30 days after 
          the date of the enactment of this Act, and monthly thereafter.
              (2) Cumulative assessment of agency rule making.--
                      (A) In general.--Subsection (b) of section 652 of 
                  title 5, United States Code, as added by subsection 
                  (a), shall take effect on the date that is 60 days 
                  after the date of the enactment of this Act.
                      (B) Deadline.--The first requirement to publish or 
                  make available, as the case may be, under subsection 
                  (b) of section 652 of title 5, United States Code, as 
                  added by subsection (a), shall be the first October 1 
                  after the effective date of such subsection.
                      (C) First publication.--The requirement under 
                  section 652(b)(2)(A) of title 5, United States Code, as 
                  added by subsection (a), shall include for the first 
                  publication, any analysis of the costs or benefits 
                  conducted for a proposed or final rule, for the 10 
                  years before the date of the enactment of this Act.
              (3) Requirement for rules to appear in agency-specific 
          monthly publication.--Section 653 of title 5, United States 
          Code, as added by subsection (a), shall take effect on the date 
          that is 8 months after the date of the enactment of this Act.
target: . The expanded summary of the version reported by the House Committee on Oversight and Government Reform is repeated here.) All Economic Regulations are Transparent Act of 2015 or the ALERT Act of 2015 (Sec. 2) Requires the head of each federal agency to submit a monthly report to the Administrator of the Office of Information and Regulatory Affairs of the Office of Management and Budget (OMB) for each rule such agency expects to propose or finalize during the following year. Sets forth the required content of such reports, including: (1) a summary of the nature of the rule, (2) the objectives of and legal basis for issuance of the rule, (3) the stage of the rulemaking as of the date of submission, and (4) whether the rule is subject to periodic review as a rule with a significant economic impact.  Requires each agency head to submit a monthly report for any rule expected to be finalized during the following year for which the agency has issued a general notice of proposed rulemaking. Requires such reports to include an approximate schedule for completing action on the rule and an estimate of its cost and economic effects.  Requires the Administrator to make such monthly reports publicly available on the Internet.  Requires the Administrator to publish, not later than October 1 of each year, in the Federal Register: (1) information that the Administrator receives from each agency under this Act; (2) the number of rules and a list of each such rule that was proposed by each agency and each rule that was finalized by each agency; (3) the number of agency actions that repealed a rule, reduced the scope or cost of a rule, or accelerated the expiration date of a rule; (4) the total cost of all rules proposed or finalized; and (5) the number of rules for which an estimate of the cost of the rule was not available.  Requires the Administrator to make publicly available on the Internet, not later than October 1 of each year: (1) the analysis of the costs or benefits of each proposed or final rule issued by an agency for the preceding year, (2) the docket number and regulation identifier number for each such rule, (3) the number of rules reviewed by OMB for the preceding year, (4) the number of rules for which a review by the head of an agency was completed, (5) the number of rules submitted to the Comptroller General, and (6) the number of rules for which a resolution of disapproval was introduced in Congress.  Prohibits a rule from taking effect until the information required by this Act is posted on the Internet for not less than six months, unless the agency proposing the rule seeks an exemption under the Freedom of Information Act or the President determines by executive order that such rule is necessary because of an imminent threat to health or safety or other emergency, for the enforcement of criminal laws, for national security, or to implement an international trade agreement. Makes such requirement effective eight months after enactment of this Act. 
feat_title: ALERT Act of 2015