Household costs impact statements

(a) In general During the period that the emergency declared under section 3 is in effect, the Administrator of the Office of Information and Regulatory Affairs of the Office of Management and Budget shall require each agency head to include a household costs impact statement in any major regulatory action submitted to the Administrator. (b) Contents A household costs impact statement shall include— (1) the estimated effects of the regulatory action for an average U.S. household; (2) the regional variation in cost burdens on the average U.S. household; (3) the estimated benefits that a large corporation might see from the regulatory action; and (4) an analysis determining whether the regulatory action would provide more benefits for the average U.S. household or large corporations. (c) Public availability Each agency head shall make any household costs impact statement submitted under subsection (a) publicly available unless national security prohibits disclosure.