Rep. Jayapal's Stop Corporate Capture Act would curb the undue power of corporations, prioritize the interests of the public, and clear a path for public participation in the administrative rulemaking process. Specifically, it:
- Establishes Rulemaking Transparency: Requires a full disclosure of who is funding the scientific, economic, and technical studies submitted to agencies during the rulemaking process, mandate a public explanation for the withdrawal of rules, and require the public disclosure of any changes made to a regulatory proposal during the rulemaking process.
- Eliminates Industry-Backed Delays to Rulemaking and Implementation: Limits judicial interference with public interest rules and accelerates the rulemaking review process.
- Empowers the Public to Hold Agencies Accountable: Fines corporations that lie to the government about whether a public interest rule would cost their shareholders, establishes an Office of the Public Advocate in the Office of Government Ethics to serve as an advocate for public interests, creates a cause of action for citizens to sue corporations that violate the rules and agencies for failure to enforce the law, and requires the government to respond to citizen petitions.