OMB POLICY STATEMENTS
OMB: Benefits of 2006 regulations outweigh costs
"Seven major regulations adopted over the past year provide between $6.3 billion and $44.8 billion in benefits annually, while costing just $3.7 billion to $4.2 billion per year, according to a draft report by the Office of Management and Budget.
In an initial draft for comment of an annual report on the costs and benefits of federal regulations, OMB wrote that from fiscal 1997 through fiscal 2006, major rules whose impacts could be easily quantified accounted for between $99 billion to $484 billion in benefits, with costs of between $40 billion and $46 billion."
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