1. Short title This Act may be cited as the Determining if Regulatory Actions are in the Interest of the Nation or the Swamp Act of 2017 or as the DRAIN the Swamp Act of 2017 . 2. Requiring Greater Transparency for Regulatory Conflicts of Interest (a) In general Chapter 5 of title 5 is amended by inserting after chapter 6, the following new chapter: 6A Publication of Information Relating to Regulatory Conflicts of Interest 651. Agency Submission to Comptroller General. 652. Definitions. 651. Agency Submission to Comptroller General (a) Regulatory Conflicts of Interest The head of each agency shall submit to the Comptroller General of the United States in such a manner as the Comptroller General may reasonably require, for each major rule that the agency proposes or finalizes, an assessment and quantification of any regulatory conflict of interest pertaining to that major rule. (b) Exception Nothing in this chapter shall apply to rules which an agency for good cause finds (and incorporates the finding and a brief statement of reasons therefor in the rules issued) that notice and public procedure thereon are impracticable, unnecessary, or contrary to the public interest. (c) Major rules Before a major rule may take effect, the Federal agency promulgating such rule shall submit to the Comptroller General and publish in the Federal Register a report pursuant to subsection (a). 652. Definitions In this chapter: (1) Agency; rule