Page:United States Statutes at Large Volume 95.djvu/738

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PUBLIC LAW 97-000—MMMM. DD, 1981

95 STAT. 712

Publication in Federal Register.

Publication in Federal Register.

Post, p. 720.

Transmittal to congressional committees.

PUBLIC LAW 97-35—AUG. 13, 1981 "(B) it is likely that there will be substantial compliance with such standard, the Commission shall terminate any proceeding to promulgate a regulation respecting such risk of injury and shall publish in the Federal Register a notice which includes the determination of the Commission and which notifies the public that the Commission will rely on the voluntary standard to eliminate or reduce the risk of injury. "(i) No regulation may be proposed by the Commission under this section unless, not less than 60 days alter publication of the notice required in subsection (g), the Commission publishes in the Federal Register the text of the proposed rule, including any alternatives, which the Commission proposes to promulgate, together with a preliminary regulatory analysis containing— "(1) a preliminary description of the potential benefits and potential costs of the proposed regulation, including any benefits or costs that cannot oe quantified in monetary terms, and an identification of those likely to receive the benefits and bear the costs; "(2) a discussion of the reasons any standard or portion of a standard submitted to the Commission under subsection (g)(5) was not published by the Commission as the proposed regulation or part of the proposed regulation; "(3) a discussion of the reasons for the Commission's preliminary determination that efforts proposed under subsection (g)(6) and assisted by the Commission as required by section 5(a)(3) of the Consumer Product Safety Act would not, within a reasonable period of time, be likely to result in the development of a voluntary standard that would eliminate or adequately reduce the risk of injury identified in the notice provided under subsection (g)(D; and "(4) a description of any reasonable alternatives to the proposed regulation, together with a summary description of their potential costs and benefits, and a brief explanation of whv such alternatives should not be published as a proposed regulation. The Commission shall transmit such notice within 10 calendar days to the Committee on Commerce, Science, and Transportation of the Senate and the Committee on Energy and Commerce of the House of Representatives. "(j)(1) The Commission shall not promulgate a regulation under this section unless it heis prepared a final regulatory analysis of the regulation containing the following information: "(A) A description of the potential benefits and potential costs of the regulation, including costs and benefits that cannot be quantified in monetary terms, and the identification of those likely to receive the benefits and bear the costs. "(B) A description of any alternatives to the final regulation which were considered by the Commission, together with a summary description of their potential benefits and costs and a brief explanation of the reasons why these alternatives were not chosen. "(C) A summary of any significemt issues raised by the comments submitted during the public comment period in response to the preliminary regulatory analysis, and a summary of the assessment by the Commission of such issues. The Commission shall publish its final regulatory analysis with the regulation.