Archive for June, 2018
Trade associations call on Office of Management and Budget for cost-benefit analysis in federal departments
From: Daily Energy Insider
A collective 101 business trade associations signed onto a joint letter last week addressed to Neomi Rao, administrator of the Office Information and Regulatory Affairs within Management and Budget (OMB), to make a case for cost-benefit balancing in federal offices.
“We believe the time has come for EPA to reexamine its statutory interpretations, and unless prohibited by statute, implement its regulatory statutes through cost-benefit balancing,” the organizations wrote. “Agencies must prepare cost-benefit analyses to support their most significant regulations, and to the extent permitted by law, not regulate unless the benefits justify the costs and the selected regulatory option maximizes net benefits to society.”
OIRA Data Call for the Fall 2018 Regulatory Plan & Unified Agenda, and FY 2019 Regulatory Cost Allowances
Editor’s Note: The following is an excerpt from OIRA’s June 18, 2018 Memorandum to Regulatory Policy Officers and Executive Directors of Agencies. The complete document is available here. Read the history of regulatory budgeting here.
Proposed Cost Allowance Submissions under EO 13771 for Fiscal Year 2019
Section 3(d) ofEO 13771 provides that the Director of OMB shall identify a regulatory cost allowance for each agency for FY 2019. The Order further provides that “[n ]o regulations exceeding the agency’s total incremental cost allowance will be permitted in that fiscal year, unless required by law or approved in writing by the Director.”
From: Bloomberg News
Final review by OIRA can take anywhere from weeks to months, or lead to a rejection that gets sent back to the DOL’s Employee Benefits Security Administration. The administration has fast-tracked this rulemaking as part of an attempt to provide Americans with relief from the ACA.
Officials who meet with groups can’t share information about the final rule, but advocates say it’s important to have their voices heard in each step of the rule-making.
WASHINGTON, DC, June 4, 2018 /CNW/ – Canada and the United States share a joint commitment to strong regulatory cooperation, promoting economic competitiveness and maintaining and improving high standards for health, safety and environmental protection.
Today, the Honourable Scott Brison, President of the Treasury Board of Canada, and Peter Wallace, Secretary of the Treasury Board, joined with the Honorable Mick Mulvaney, Director of the US Office of Management and Budget, and the Honorable Neomi Rao, US Office of Information and Regulatory Affairs Administrator, to reaffirm this commitment by signing a Memorandum of Understanding (MOU) for the Regulatory Cooperation Council (RCC).