Benefit- Cost Analysis Now One Component of a Regulatory Budget

Heretofore the demonstration that the benefits of a proposed rule exceeded its costs was the only ticket needed to have it promulgated as a final rule.

With the advent of regulatory budgeting the demonstration of positive net benefits for a proposed rule is a necessary but not sufficient condition for its promulgation as a final rule.   Listen at minute 3:30 of a ten minute video presentation on this concept. The background paper is here.

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