Passage of the bill that would modify the federal rulemaking process by requiring agencies to estimate the cost of proposed regulations and consider new criteria, including potential costs and benefits of alternatives. The bill would create additional steps that agencies must follow when proposing major rules with annual costs of more than $100 million, or high-impact rules with annual costs of more than $1 billion, including an advanced-notice comment period to determine whether the rule-making process should proceed.
Note: A "nay" was a vote in support of the president's position.