Mandates Information Act of 2001
Last action on Jan 3, 2001Referred to the House Committee on Rules.
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Summary
Mandates Information Act of 2001- Amends the Congressional Budget Act of 1974 to require the Director of the Congressional Budget Office, in preparing estimates of the direct costs of a Federal private sector mandate, to estimate, if feasible, the impact of such mandate on consumers, workers, and small businesses, including any disproportionate impact in particular regions or industries.
Provides a point of order against legislation that would increase the direct costs of Federal private sector mandates (excluding direct costs attributable to revenue resulting from tax or tariff provisions of any such measure if it does not raise net tax and tariff revenues over the five-fiscal-year period beginning with the first fiscal year such measure affects such revenues) by an amount that causes the stated threshold of $100 million per fiscal year to be exceeded.