Cost Benefit Analysis (Recommendations)

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Regulations intended to lessen risks of accidents and illness ordinarily impose compliance costs on regulated entities and on rulemaking agencies. In return, society gains numerous benefits, most notably the avoidance of fatalities, injuries and disease, and in some instances a reduction in property damage. Promulgation of such regulations is a...

Cost/benefit analysis1 may ordinarily be applied by an agency to a regulatory action, except when Congress has forbidden its use or has specified, in the authorizing legislation, the precise regulatory outcome Congress desired. Any legislative directive short of complete specificity...

Federal agencies must frequently weigh competing health, safety, resource management, environmental, economic, and other societal interests when seeking to achieve a prescribed statutory objective. Wise decisionmaking presupposes that the potential benefits and costs of the actions under consideration will be identified, will be quantified if feasible, and will be appraised...

Draft Recommendation for the Benefit-Cost Analysis at Independent Regulatory Agencies project for consideration at the April 29, 2013 Committee on Regulation Meeting

Draft Recommendation for consideration at 58th Plenary Session

Draft Recommendation containing proposed amendments for consideration at the Plenary Session

Benefit-cost analysis (also known as cost-benefit analysis) is one of the primary tools used in regulatory analysis to anticipate and evaluate the likely consequences of rules.[1]  Although some regulatory benefits and costs are difficult to quantify or monetize, those preparing such...

Draft Recommendation for the Retrospective Review of Agency Rules Project (for consideration at the October 15, 2014 committee meeting)

Draft Recommendation for the October 29, 2014 Committee on Regulation Meeting on the Retrospective Review of Agency Rules Project

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