Archive for August, 2014
GAO faults cost analyses for EPA regulations
Editor’s Note: The complete GAO report, “Environmental Regulation: EPA Should Improve Adherence to Guidance for Selected Elements of Regulatory Impact Analyses,” GAO-14-519: Published: Jul 18, 2014. Publicly Released: Aug 11, 2014 is available here. GAO explains in the report that “OMB guidance states that RIAs should enable a third party to understand how the agency arrived at its estimates and conclusions…. However, in the Lead Opt-Out RIA, EPA neither included nor made readily apparent the support for certain benefit estimates in the RIA document, nor did it clearly explain in the RIA the rationale for the regulatory option it chose. Further, in the CISWI RIA, EPA…did not explain the rationale for selecting an alternative that did not yield the greatest net benefits.”
CUNA urges NCUA to reduce credit unions regulatory burden
From: CU Insight
The Credit Union National Association (CUNA) submitted comments to the National Credit Union Administration (NCUA) regarding the Office of General Counsel’s list of regulations scheduled for review this year. Additionally, CUNA pushed for reducing the creeping complexity of credit union regulatory burden by: 1) urging NCUA to go beyond clarifications and reduce regulatory requirements substantially to provide meaningful regulatory relief for credit unions; and 2) urging NCUA to add new or expand existing rules only if required to do so by law, or doing so is clearly warranted based on a compelling safety and soundness reason that can be satisfactorily addressed in no other manner.
Study: Hundreds of rules passed by Obama administration are technically illegal
Editor’s Note: Curtis W. Copeland’s July 2014 study, “Congressional Review Act: Many Recent Final Rules Were Not Submitted to GAO and Congress,” is attached here. CRE’s January 2010 letter to the Senate and House advising them of EPA’s violations of the Congressional Rview Act is attached here. A December 2009 Copeland/Congressional Research Service study, “Congressional Review Act: Rules Not Submitted to GAO and Congress,” attached here, was cited by CRE in our advisory letter.
From: The Washington Post