Cost Benefit Analysis (Recommendations)

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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

Proposed Recommendation on Retrospective Review of Agency Rules for consideration at the December 2014 Plenary Session

Proposed amendments to the Retrospective Review Recommendation for consideration at the December 4-5, 2014 Plenary Session

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