Sec. 4407. Review of economic impact of BSEE rule on small entities
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In this section— the term BSEE means the Bureau of Safety and Environmental Enforcement; the term Chief Counsel means the Chief Counsel for Advocacy of the Small Business Administration; the term covered proposed rule means the proposed rule of the BSEE entitled Oil and Gas and Sulphur Operations in the Outer Continental Shelf—Blowout Preventer Systems and Well Control (80 Fed. Reg. 21504 (April 17, 2015)); and the term small entity has the meaning given the term in section 601 of title 5, United States Code.
If the BSEE issues a final rule for the covered proposed rule, then not later than 1 year after the effective date of the final rule the BSEE, in consultation with the Chief Counsel, shall complete a review of the final rule under section 610 of title 5, United States Code. In conducting the review required under paragraph (1), the BSEE, in consultation with the Chief Counsel, shall assess the economic impact of the final rule on small entities in the oil and gas supply chain.
Not later than 180 days after the date on which the review is completed under this subsection, the BSEE, in consultation with the Chief Counsel, shall submit to Congress a report on the findings of the review.
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Sec. 4407
Review of economic impact of BSEE rule on small entities
Fed. Reg.80 FR 21504
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