Government Operations and PoliticsAdministrative law and regulatory proceduresGovernment information and archivesCivil actions and liabilityJudicial review and appealsOffice of Management and Budget (OMB)
Why This Matters
This bill aims to make sure that government agencies only consider clear financial benefits when creating new regulations. It helps ensure that regulations are based on solid economic data.
If you are affected by government regulations, they will be based on clear financial benefits rather than vague factors.
Who this affects
Government agencies · Public
What changes is this bill making?
1This bill requires agencies to focus only on measurable financial benefits in their regulatory analyses.
2It prohibits agencies from considering factors that cannot be easily quantified or monetized.
3Agencies must publish detailed summaries of their regulatory impact analyses for public review.
4The Office of Management and Budget cannot allow the use of unquantified factors in analyses.
5New guidance will be issued to ensure compliance with these requirements.
