The Congressional Review Act (CRA) establishes procedures for Congress to overturn final rules issued by federal agencies. After an agency's rule is reported to Congress, members of Congress have 60 days to introduce a joint resolution disapproving of the rule. When signed into law, these resolutions of disapproval (RDs) overturn the rule in question and bar agencies from issuing a "substantially similar" rule. The CRA offers two unique mechanisms: the Senate "fast-track" procedures and the "lookback" period. For an in-depth discussion of these mechanics and more, see our Regulatory Insight A Lookback at the Law: How Congress Uses the CRA.
This dashboard allows users to explore the set of final rules published in the Federal Register in 2024, and how various lookback dates could affect the set of rules available for congressional review at the beginning of the next session of Congress. View Dashboard.
Commentary:
Will History Repeat Itself? Forecasting CRA Use in a Second Trump Administration. Steve Balla and Sarah Hay, May 3, 2024. What policy areas are most likely to be challenged if Trump wins a second term in the 2024 presidential election?
NHTSA's Safety Standards for Child Restraint Systems-Side Impact Protection
This public interest comment on the National Highway Traffic Safety Administration’s proposed rule setting side-impact requirements for child restraint systems is part of a new project to evaluate how well agencies are preparing for retrospective review and analysis of regulations.
Retrospective Review: Do Agencies’ Proposals Measure Up?
As part of our continuing focus on retrospective review of regulations, the GW Regulatory Studies Center is commencing a new initiative, the Retrospective Review Comment Project. Through this project, we will examine significant proposed regulations to assess whether they include plans for conducting retrospective review, and submit comments to provide suggestions on how best to incorporate plans for retrospective review when new regulations are issued.
Flash Boys, the latest book from Michael Lewis (author of Liar’s Poker, Moneyball, The Blind Side, The Big Short, etc.), is a nonfictional account of the development of high-frequency trading (HFT) in U.S. equity markets, and of Brad Katsuyama’s quest to reform the system by creating a new trading platform, IEX, designed to resist the most damaging HFT strategies.
