H.R. 262 would require federal agencies to submit details about the status of their prospective regulations each month to the Office of Information and Regulatory Affairs (OIRA), which is within the Office of Management and Budget. Those submissions would include details about each regulation an agency expects to finalize in the coming year, noting the current stage in the regulatory process, the legal basis for the rule, the expected costs, and information about the anticipated publication of any associated scientific research.