§1490n — Title 42 The Public Health and Welfare | U.S. Code

Summary

A rule or regulation under this subchapter cannot take effect until it is posted in the Federal Register for public comment for at least 60 days and then published in final form for at least 30 days. The Secretary must send every rule to the chairman and ranking member of the Senate Committee on Banking, Housing, and Urban Affairs and the House Committee on Banking, Finance and Urban Affairs at least 15 days before filing it for those publications. If the Secretary says a rule is an emergency, these timing rules do not apply. The Secretary must also send the committees a detailed summary of any changes the Office of Management and Budget required that block, change, delay, or reject the rule in whole or in part.

Title 42, §1490n

The Public Health and Welfare — Source: USLM XML via OLRC

(a)Notwithstanding any other provision of law, no rule or regulation pursuant to this subchapter may become effective unless it has first been published for public comment in the Federal Register for at least 60 days, and published in final form for at least 30 days.

(b)The Secretary shall transmit to the chairman and ranking Member of the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Banking, Finance and Urban Affairs of the House, all rules and regulations at least 15 days before they are sent to the Federal Register for purposes of subsection (a).

(c)The provisions of this section shall not apply to a rule or regulation which the Secretary certifies is issued on an emergency basis.

(d)The Secretary shall include with each rule or regulation required to be transmitted to the Committees under this section a detailed summary of all changes required by the Office of Management and Budget that prohibit, modify, postpone, or disapprove such rule or regulation in whole or part.

Notes & Related Subsidiaries

Editorial Notes

Amendments

1988—Subsec. (d). Pub. L. 100–242 added subsec. (d).

Statutory Notes and Related Subsidiaries

Change of Name

Committee on Banking, Finance and Urban Affairs of House of Representatives treated as referring to Committee on Banking and Financial Services of House of Representatives by section 1(a) of Pub. L. 104–14, set out as a note preceding section 21 of Title 2, The Congress. Committee on Banking and Financial Services of House of Representatives abolished and replaced by Committee on Financial Services of House of Representatives, and jurisdiction over matters relating to securities and exchanges and insurance generally transferred from Committee on Energy and Commerce of House of Representatives by House Resolution No. 5, One Hundred Seventh Congress, Jan. 3, 2001.

§1490n Review of Rules and Regulations