Recommendation 2013-2, Benefit-Cost Analysis at Independent Regulatory Agencies, highlights a series of best practices directed at independent regulatory agencies in the preparation of benefit-cost analyses that accompany proposed and final rules.
Regulatory Analysis (Past Projects)
The Congressional Review Act (“CRA”) implements a process for Congressional review of agency rules. 5 U.S.C. §§ 801-08. Under the CRA, agencies must submit rules to both houses of Congress and to the Government Accountability Office prior to their taking effect, and major rules (such as those for which the economic impact exceeds $100 million) are delayed for 60 days to permit Congressional...