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Regulatory Relief to Support Economic Recovery Act This bill permits federal agencies to temporarily or permanently rescind, modify, or waive regulations during the COVID-19 (i.e., coronavirus disease 2019) public health emergency. Specifically, it requires identification of regulatory standards that an agency determines may inhibit economic recovery from the pandemic and allows the rescission, modification, waiver, or exemption from the standards. Additionally, agencies may waive notice and comment requirements for rulemaking and exercise discretion in regulatory enforcement, among other modifications to administrative procedures. *

Small Business Regulatory Flexibility Improvements Act This bill modifies the rulemaking requirements and procedures of federal agencies under the Regulatory Flexibility Act of 1980 and the Small Business Regulatory Enforcement Fairness Act of 1996, including, among others, how agencies consider economic impact.

Small Business Regulatory Relief Act This bill requires the Small Business Administration (SBA) to coordinate with various regulatory agencies in developing best practices for providing assistance to small businesses. The best practices shall assist the agencies in conducting programs, education, and training to help small businesses meet regulatory requirements. The SBA must also work with each agency to develop outreach initiatives to increase businesses' awareness of such assistance.

Small Business Regulatory Relief Act of 2019 This bill requires the Small Business Administration (SBA) to coordinate with various regulatory agencies in developing best practices for providing assistance to small businesses. The best practices shall assist the agencies in conducting programs, education, and training to help small businesses meet regulatory requirements. The SBA must also work with each agency to develop outreach initiatives to increase businesses' awareness of such assistance.

Regulatory Improvement Act of2019 This bill establishes in the legislative branch the Regulatory Improvement Commission to make recommendations and propose legislation for modification, consolidation, or repeal of regulations that have been finalized not later than 10 years before the establishment of the commission for the purpose of reducing compliance costs, encouraging growth and innovation, improving competitiveness, and protecting public safety. The commission must give priority to such regulations that (1) impose disproportionately high costs on a small entity, (2) create substantial recurring paperwork burdens or transaction costs, or (3) could be made more effective while reducing regulatory costs. The bill sets forth reporting requirements for the commission and procedures for congressional consideration of commission reports, recommendations, and proposed legislation.

Regulatory Accountability Act This bill expands and provides statutory authority for notice-and-comment rulemaking procedures to require federal agencies to consider (1) whether a rulemaking is required by statute or is within the discretion of the agency, (2) whether existing laws or rules could be amended or rescinded to address the problem, and (3) reasonable alternatives to a new rule. For proposed major or high-impact rules that have a specified significant economic impact or adverse effect on the public health or safety, an agency must * publish notice of such rulemaking to invite interested parties to propose alternatives and ideas to accomplish the agency's objectives; * allow persons interested in high-impact or certain major rules to petition for a public hearing with oral presentation, cross-examination, and the burden of proof on the proponent of the rule; * adopt the rule that maximizes net benefits within the scope of the statutory provision authorizing the rule, unless the agency explains the costs and benefits that justify adopting an alternative rule and such rule is approved by the Office of Information and Regulatory Affairs (OIRA); and * publish a framework and metrics for measuring the ongoing effectiveness of the rule. Agencies must notify OIRA with certain information about a proposed rulemaking, including specified discussion and preliminary explanations concerning a major or high-impact rule. Further, OIRA must establish certain rulemaking guidelines. Additionally, the bill (1) revises the scope of judicial review of agency actions, and (2) establishes requirements for agencies issuing guidance.

Comprehensive Regulatory Review Act This bill expands the required comprehensive review of financial regulatory requirements. Specifically, the review must be completed by the Consumer Financial Protection Bureau (CFPB) and the National Credit Union Administration, in addition to (as required under current law) the Federal Financial Institutions Examination Council, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Federal Reserve Board. The review must be performed at least every 7, rather than 10, years. After performing the review, a regulator must consider tailoring regulations to limit specified burdens. The bill specifies information and criteria the CFPB must use when conducting its review.

Lessening Regulatory Costs and Establishing a Federal Regulatory Budget Act of 2020 This bill establishes procedures and provides statutory authority to reduce the number of federal regulations. Specifically, it requires each agency to establish a regulatory reform task force chaired by a designated regulatory reform officer. Each task force must, among other duties (1) review each existing agency regulation; (2) estimate the potential cost savings of repealing or modifying each regulation; and (3) identify regulations that are appropriate for repeal, replacement, or modification based on cost, effectiveness, and impact on employment. The bill further provides statutory authority for the executive order prohibiting agencies from issuing a new regulation with an economic impact of at least $100 million without identifying two regulations for repeal that will offset the cost of the proposed new regulation. Agencies also must submit a list of all planned regulatory actions for inclusion in the semiannual Unified Agenda of Federal Regulatory and Deregulatory Actions, including (1) the estimated economic effect of each action, and (2) proposed deregulatory actions to offset the cost of each proposed new regulation. Additionally, the Office of Management and Budget must establish an annual regulatory budget for each federal agency that specifies the net allowable increase in regulatory costs for each agency during the next fiscal year.

Lessening Regulatory Costs and Establishing a Federal Regulatory Budget Act of 2019 This bill establishes procedures and provides statutory authority to reduce the number of federal regulations. Specifically, it requires each agency to establish a regulatory reform task force chaired by a designated regulatory reform officer. Each task force must, among other duties (1) review each existing agency regulation; (2) estimate the potential cost savings of repealing or modifying each regulation; and (3) identify regulations that are appropriate for repeal, replacement, or modification based on cost, effectiveness, and impact on employment. The bill further provides statutory authority for the executive order prohibiting agencies from issuing a new regulation with an economic impact of at least $100 million without identifying two regulations for repeal that will offset the cost of the proposed new regulation. Agencies also must submit a list of all planned regulatory actions for inclusion in the semiannual Unified Agenda of Federal Regulatory and Deregulatory Actions, including (1) the estimated economic effect of each action, and (2) proposed deregulatory actions to offset the cost of each proposed new regulation. Additionally, the Office of Management and Budget must establish an annual regulatory budget for each federal agency that specifies the net allowable increase in regulatory costs for each agency during the next fiscal year.

Independent Agency Regulatory Analysis Act This bill authorizes the President to require an independent regulatory agency to (1) comply with regulatory analysis requirements applicable to other federal agencies, (2) provide the Office of Information and Regulatory Affairs with an assessment of the costs and benefits of a proposed or final economically significant rule and an assessment of costs and benefits of potentially effective and reasonably feasible alternatives to the rule, (3) publish the assessments with the rules, and (4) submit to the office for review any proposed or final economically significant rule. An economically significant rule is a rule that is likely to (1) have an annual effect on the economy of $100 million or more; or (2) 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. In addition, it prohibits judicial review of an independent regulatory agency's compliance with the requirements of this bill.

Coronavirus Regulatory Repeal Act of 2020 This bill repeals or modifies any agency rule that is temporarily waived or modified during the COVID-19 (i.e., coronavirus disease 2019) public health emergency, subject to a review process. The bill specifies procedures for Congress and the heads of agencies to analyze, review, and recommend whether the waiver or modification of a rule should continue and such waiver or modification expires only if a law is enacted in accordance with a recommendation that the rule be reinstated when the emergency period ends.

Coronavirus Regulatory Repeal Act of 2020 This bill repeals or modifies any agency rule that is temporarily waived or modified during the COVID-19 (i.e., coronavirus disease 2019) public health emergency, subject to a review process. The bill specifies procedures for Congress and the heads of agencies to analyze, review, and recommend whether the waiver or modification of a rule should continue and such waiver or modification expires only if a law is enacted in accordance with a recommendation that the rule be reinstated when the emergency period ends. Additionally, the bill exempts certain meat slaughter and preparation facilities from federal inspection requirements if the facility (1) operates in accordance with the laws of the state in which the facility is located, and (2) prepares meat products exclusively for distribution for consumption by consumers within the state in which the facility is located.

Regulatory Agency Demilitarization Act This bill prohibits a federal agency from purchasing or using a firearm. The bill excludes the Departments of Defense, Justice, and Homeland Security, the military departments, the Nuclear Regulatory Commission, the U.S. Capitol Police, the Bureau of Diplomatic Security, and the Central Intelligence Agency. The Government Accountability Office shall submit to Congress a report that includes specified information regarding each federal agency that has specialized units that receive special tactical or military-style training or use hard-plated body armor, shields, or helmets and that respond to high-risk situations that fall outside the capabilities of regular law enforcement officers.

International Regulatory Cooperation Improvement Act This bill allows the Commodity Futures Trading Commission to incur expenses for incidentals such as meals and transportation when hosting certain foreign officials. The bill also allows the commission to receive assistance such as personnel and support services from other departments and agencies within the federal government and from certain foreign authorities.

Community Bank Regulatory Relief Act This bill delays required compliance with certain accounting standards applicable to credit losses (i.e., current expected credit losses standards, also known as CECL standards). Specifically, no agency may require a person to comply with this standard with respect to a fiscal year beginning before December 31, 2024. Additionally, the community bank leverage ratio is set at 8% for community banks seeking to satisfy simplified capital adequacy requirements. Currently, banking agencies are required to set the rate between 8% and 10% through rulemaking.

Freedom from Regulations Act of 2020 This bill requires independent regulatory agencies to comply with the requirements applicable to regulatory actions by other federal agencies, including the rulemaking process under the Administrative Procedure Act.

Blockchain Regulatory Certainty Act This bill exempts from certain financial reporting and licensing requirements blockchain developers and providers of blockchain services that do not take control of consumer funds.

Verified Innovative Testing in American Laboratories Act of 2020 or the VITAL Act of 2020 This bill expressly shifts the regulation of laboratory-developed testing procedures from the Food and Drug Administration (FDA) to the Centers for Medicare & Medicaid Services (CMS). Under current law, the FDA regulates the safety and effectiveness, as well as quality of design and manufacture, of laboratory-developed tests, while the CMS regulates clinical laboratories and testing processes. Historically, the FDA has exercised enforcement discretion and not enforced certain statutory and regulatory requirements with respect to these tests. The CMS must hold a public meeting to solicit recommendations to update existing regulations related to clinical laboratories, and the Department of Health and Human Services must report specified information to Congress, including an assessment of the availability and use of laboratory-developed testing procedures during the COVID-19 (i.e., coronavirus disease 2019) response.