International Regulatory Transparency and Accountability Act

Bill 118 hr 4642, also known as the International Regulatory Transparency and Accountability Act, aims to increase transparency and accountability in international regulatory processes. The bill requires federal agencies to provide detailed reports on any international regulatory activities they are involved in, including any negotiations or agreements with foreign governments or international organizations.

The bill also requires agencies to consult with Congress and the public before finalizing any international regulatory agreements. This is intended to ensure that the American people have a voice in the regulatory process and that their interests are taken into account.

Additionally, the bill requires agencies to conduct cost-benefit analyses of any proposed international regulations to determine the potential impact on the US economy and job market. This is meant to ensure that regulations are not overly burdensome and do not harm American businesses or workers. Overall, the International Regulatory Transparency and Accountability Act seeks to promote transparency, accountability, and public input in the international regulatory process to protect the interests of the American people.