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Stop Corporate Capture Act

Source: Congress.gov  ·  7,329 words in original text
This bill changes how federal agencies create new rules. It requires people and companies who submit research or studies to agencies to disclose who paid for that research and who might benefit from it. The bill also creates a new Office of the Public Advocate to help regular people participate in the rulemaking process. ##
- Federal agencies that write rules - Companies and individuals who submit information to agencies during rulemaking - Publicly traded companies (those required to file annual reports with the Securities and Exchange Commission) - The public trying to participate in rulemaking processes ##
- Companies and individuals must disclose the funding sources and sponsors of any studies or research they submit to agencies during rulemaking, including how much money was involved and who reviewed the research (Sec. 4) - Agencies must make research studies publicly available on their websites and in public dockets unless exempt under federal information laws (Sec. 5) - Agencies must tell the public about conflicts of interest when research is submitted if at least 10 percent of funding comes from a company regulated by that agency or if the regulated company controlled the research (Sec. 5) - A new Office of the Public Advocate will help ordinary people participate in rulemaking and study how rules affect different populations unfairly (Sec. 11) - Agencies must respond within 60 days to public petitions that get more than 100,000 signatures, explaining whether they will make the requested rule change (Sec. 14) ##
If this bill becomes law, agencies will have new requirements to tell the public about conflicts of interest in research submitted during rulemaking. Companies that knowingly submit false information could face civil penalties of at least $250,000 for the first violation and at least $1,000,000 for each subsequent violation. Agencies will have to speed up their rule review process, limiting it to 60 days plus one possible extension. The federal government will create a new office specifically to help average people and underrepresented groups participate in rulemaking. ##
- **Rule**: Any substantive action by an agency that creates or is expected to create a final regulation (Sec. 18) - **Interested person**: Individuals, partnerships, corporations, associations, or organizations (but not agencies) (Sec. 18) - **Social equity impact**: Any effect of a proposed rule that might unfairly affect groups of people protected by law based on race, gender, or other characteristics (Sec. 18) - **Significant regulatory action**: Rule changes affecting the economy by $100,000,000 or more per year, or that seriously affect the environment, public health, jobs, or state and local governments (Sec. 18) ##
The requirement for agencies to notify the public about proposed rules within two business days takes effect 30 days after the bill becomes law (Sec. 13). Other provisions take effect upon enactment unless otherwise specified.
Important: This plain English summary was generated by AI and is provided for informational purposes only. It is not legal advice. Always consult the official bill text on Congress.gov or a qualified attorney for legal matters.