# 119-s-4151: Unfunded Mandates Accountability and Transparency Act of 2026

119-s-4151, Unfunded Mandates Accountability and Transparency Act of 2026, is a 119th Congress bill sponsored by Sen. Fischer, Deb [R-NE] (R-NE); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-s-4151
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-4151
- Congress: 119
- Title: Unfunded Mandates Accountability and Transparency Act of 2026
- Status: introduced
- Introduced: 2026-03-19
- Sponsor: Sen. Fischer, Deb [R-NE] (R-NE)
- Cosponsors: 1
- Policy area: Government Operations and Politics
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**This bill would require stronger analysis and broader consultation for major federal rules.** It would set a clear $100,000,000 annual economic-effect threshold for what counts as a "major rule," expand how agencies count costs, and give the Office of Information and Regulatory Affairs (OIRA) new oversight duties.

## Cosponsors (1)

- Sen. Lankford, James [R-OK] (R-OK), 2026-03-19T00:00:00.000Z

## Provisions PRIA read

- Broader budget rules for mandates: mixed, high. If enacted, the bill would change the Congressional Budget Act so the budget point-of-order can apply to all federal mandates, not just intergovernmental ones. The bill would also remove the exclusion for independent regulatory agencies so those agencies are covered by the same procedures. These ch…
- New major rule test and costs: mixed, high. If enacted, the bill would call a rule "major" when it is likely to affect the economy by $100,000,000 or more per year. That $100,000,000 threshold would be adjusted every 5 years using the CPI-U. For major-rule analysis, "cost" would include compliance costs and reasonably foreseeable indirect co…
- Stronger review for major rules: mixed, high. If enacted, agencies would have to publish both an initial and a final regulatory impact analysis (RIA) for any major rule. The initial RIA would be released with the proposed rule and open for public comment. RIAs would quantify benefits and costs where feasible, analyze alternatives, estimate job…
- Fed monetary-policy rules exempted: mixed, high. If enacted, rules about monetary policy from the Board of Governors of the Federal Reserve or the Federal Open Market Committee would be exempt from Titles II, III, and IV of the bill. That means the bill's procedural review, RIA, and consultation steps would not apply to Fed monetary-policy action…

## Related bills

- 119-s-1748: Kids Online Safety Act
- 119-s-3752: SAVE America Act
- 119-s-5025: Lindsey O. Graham Sanctioning Russia Act of 2026
- 119-s-1639: American Innovation and Jobs Act
- 119-s-1241: Sanctioning Russia Act of 2025
- 119-s-401: Fair Access to Banking Act

## Sources
- [119-s-4151 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/4151)

## Related
- [119-s-1748: Kids Online Safety Act](https://policyrisk.com/legislation/119-s-1748)
- [119-s-3752: SAVE America Act](https://policyrisk.com/legislation/119-s-3752)
- [119-s-5025: Lindsey O. Graham Sanctioning Russia Act of 2026](https://policyrisk.com/legislation/119-s-5025)
- [119-s-1639: American Innovation and Jobs Act](https://policyrisk.com/legislation/119-s-1639)
- [119-s-1241: Sanctioning Russia Act of 2025](https://policyrisk.com/legislation/119-s-1241)
- [119-s-401: Fair Access to Banking Act](https://policyrisk.com/legislation/119-s-401)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-4151 (as of 2026-04-21).