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®: CRE Regulatory Action of the Week

The Data Quality Act Is Not All That New
Notwithstanding press stories emphasizing the "midnight" passge of the Act, the Data Quality Act has its origins in the amendments to the Paperwork Reduction of 1995, at which time the Congress directed OMB to issue guidelines regarding the dissemination of information. OMB failed to comply with this directive and similar directives in 1998,1999 and 2000; culminating in Congressional action in 2000. Interestingly, Congress conducted extensive hearings in 1995, which often does not make press accounts which allege the Act was passed with no hearings or debate.

The idea for having sound science behind regulations can be traced further, in fact back to a 1981 in a paper written by Ed Behrens.

  • Click to read paper by Ed Behrens.