To prohibit the use of non-monetized or unqualified factors for regulatory analyses, and for other purposes.

Bill 119 HR 572, also known as the "Prohibition of Non-Monetized Factors in Regulatory Analyses Act," aims to prevent the use of non-monetized or unqualified factors in regulatory analyses conducted by federal agencies. The bill seeks to ensure that all regulatory decisions are based on sound economic principles and data, rather than subjective or unquantifiable factors.

The bill specifically prohibits federal agencies from considering factors that are not monetized or qualified in their regulatory analyses. This means that agencies must only take into account factors that can be accurately measured and quantified in terms of their economic impact.

The purpose of this legislation is to promote transparency and accountability in the regulatory process, and to ensure that regulations are based on objective and verifiable data. By requiring agencies to use only monetized and qualified factors in their analyses, the bill aims to prevent the use of arbitrary or biased considerations in regulatory decision-making. Overall, Bill 119 HR 572 seeks to improve the quality and reliability of regulatory analyses conducted by federal agencies, and to promote a more rigorous and evidence-based approach to regulatory decision-making.