Recommendation 2019-5 – Agency Economists addresses the placement of economists within rule-writing agencies (e.g., centralized versus dispersed throughout the agency) and describes methods for promoting high-quality economic analysis within each of the potential organizational structures. Each potential structure has strengths and weaknesses that can affect the flow of information between economists and decision makers. The recommendation does not endorse any one organizational structure over another, but identifies steps agencies can take to remove structural barriers that can impede the communication of objective, consistent, and high-quality economic analysis to decision-makers during the rulemaking process.
Citation: Admin. Conf. of the U.S., Recommendation 2019-5, Agency Economists, 84 Fed. Reg. 71349 (Dec. 27, 2019).
Federal regulatory agencies are subject to various requirements to conduct economic analysis when they prepare new regulations.