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# Summary of S. 4749, Stop Corporate Capture Act This bill aims to increase transparency and public participation in federal agency rulemaking processes, with particular focus on limiting corporate influence over regulations. The legislation requires companies submitting research or studies to federal agencies during rulemaking to disclose funding sources, conflicts of interest, and any entities that reviewed or controlled the research. Agencies must make these disclosures public and can reject submissions that violate disclosure requirements. The bill also penalizes public companies that knowingly submit false information to agencies, imposing civil penalties starting at $250,000 for a first violation and at least $1,000,000 for subsequent violations. The bill establishes a new Office of the Public Advocate within the Office of Management and Budget, led by a Senate-confirmed official, to help individuals and underrepresented communities participate in rulemaking and to assess rules' equity impacts. It limits the White House Office of Information and Regulatory Affairs to a 60-day review period for significant regulations, with only one 30-day extension allowed. The legislation also eliminates negotiated rulemaking processes in several federal statutes, requires agencies to justify withdrawn regulations, expedites congressional review of rules, allows agencies to reinstate previously disapproved rules, and requires cost-benefit analyses to account for public benefits and distributional equity effects. These changes affect all federal agencies and the companies that submit materials during rulemaking, with implementation beginning within 30 to 180 days of enactment depending on the provision.

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