109 STAT. 62 PUBLIC LAW 104-4—MAR. 22, 1995 "(iii) the effect of Federal private sector mandates in the bill or joint resolution on the national economy, including the effect on productivity, economic growth, full employment, creation of productive jobs, and international competitiveness of United States goods and services."; and 2 USC 632. (2) in section 301(d) by adding at the end thereof the following new sentence: "Any Committee of the House of Representatives or the Senate that anticipates that the committee will consider any proposed legislation establishing, amending, or reauthorizing any Federal program likely to have a significant budgetary impact on any State, local, or tribal government, or likely to have a significant financial impact on the private sector, including any legislative proposal submitted by the executive branch likely to have such a budgetary or financial impact, shall include its views and estimates on that proposal to the Committee on the Budget of the applicable House.". 2 USC 1511. SEC. 103. COST OF REGULATIONS. (a) SENSE OF THE CONGRESS. —I t is the sense of the Congress that Federal agencies should review and evaluate planned regulations to ensure that the cost estimates provided by the Congressional Budget Office will be carefully considered as regulations are promulgated. (b) STATEMENT OF COST. —At the request of a committee chairman or ranking minority member, the Director shall, to the extent practicable, prepare a comparison between— (1) an estimate by the relevant agency, prepared under section 202 of this Act, of the costs of regulations implementing an Act containing a Federal mandate; and (2) the cost estimate prepared by the Congressional Budget Office for such Act when it was enacted by the Congress. (c) COOPERATION OF OFFICE OF MANAGEMENT AND BUDGET.— At the request of the Director of the Congressional Budget Office, the Director of the Office of Management and Budget shall provide data and cost estimates for regulations implementing an Act containing a Federal mandate covered by part B of title IV of the Congressional Budget and Impoundment Control Act of 1974 (as added by section 101 of this Act). SEC. 104. REPEAL OF CERTAIN ANALYSIS BY CONGRESSIONAL BUDGET OFFICE. Section 403 of the Congressional Budget and Impoundment 2 USC 653. Control Act of 1974 is amended— (1) in subsection (a)— (A) by striking out paragraph (2); (B) in paragraph (3) by striking out "paragraphs (1) and (2)" and inserting in lieu thereof "paragraph (1)"; and (C) by redesignating paragraphs (3) and (4) as paragraphs (2) and (3), respectively; (2) by striking out "(a)"; and (3) by striking out subsections (b) and (c). 2 USC 1512. SEC. 105. CONSIDERATION FOR FEDERAL FUNDING. Nothing in this Act shall preclude a State, local, or tribal government that already complies with all or part of the Federal intergovernmental mandates included in the bill, joint resolution, amendment, motion, or conference report from consideration for
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