                          TITLE 2--THE CONGRESS
 
                  CHAPTER 25--UNFUNDED MANDATES REFORM
 
           SUBCHAPTER I--LEGISLATIVE ACCOUNTABILITY AND REFORM
 
Sec. 1511. Cost of regulations


(a) Sense of Congress

    It is the sense of the Congress that Federal agencies should review 
and evaluate planned regulations to ensure that the cost estimates 
provided by the Congressional Budget Office will be carefully considered 
as regulations are promulgated.

(b) Statement of cost

    At the request of a committee chairman or ranking minority member, 
the Director shall, to the extent practicable, prepare a comparison 
between--
        (1) an estimate by the relevant agency, prepared under section 
    1532 of this title, of the costs of regulations implementing an Act 
    containing a Federal mandate; and
        (2) the cost estimate prepared by the Congressional Budget 
    Office for such Act when it was enacted by the Congress.

(c) Cooperation of Office of Management and Budget

    At the request of the Director of the Congressional Budget Office, 
the Director of the Office of Management and Budget shall provide data 
and cost estimates for regulations implementing an Act containing a 
Federal mandate covered by part B of title IV of the Congressional 
Budget and Impoundment Control Act of 1974 [2 U.S.C. 658 et seq.].

(Pub. L. 104-4, title I, Sec. 103, Mar. 22, 1995, 109 Stat. 62.)

                       References in Text

    The Congressional Budget and Impoundment Control Act of 1974, 
referred to in subsec. (c), is Pub. L. 93-344, July 12, 1974, 88 Stat. 
297, as amended. Part B of title IV of the Act is classified generally 
to part B (Sec. 658 et seq.) of subchapter II of chapter 17A of this 
title. For complete classification of this Act to the Code, see Short 
Title note set out under section 621 of this title and Tables.


                             Effective Date

    Section 110 of title I of Pub. L. 104-4 provided that: ``This title 
[enacting this subchapter and sections 658 to 658g of this title and 
amending sections 602, 632, and 653 of this title] shall take effect on 
January 1, 1996 or on the date 90 days after appropriations are made 
available as authorized under section 109 [section 1516 of this title], 
whichever is earlier and shall apply to legislation considered on and 
after such date.''
