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®: CRE Regulatory Action of the Week

OIRA, OST and USTR Emphasize IQA in Their Memorandum On Emerging Technologies
OMB's Office of Information and Regulatory Affairs, the White House's Office of Science and Technology, and the Chief Agricultural Negotiator of the United States Trade Representative have jointly issued a memorandum on emerging technologies. This March 11, 2011 Memorandum is entitled "Principles for Regulation and Oversight of Emerging Technologies."

The Memorandum states that

    " The White House Emerging Technologies Interagency Policy Coordination Committee (ETIPC) has developed the following broad principles, consistent with Executive Order 13563, to guide the development and implementation of policies for oversight of emerging technologies at the agency level."
The Memorandum's "broad principles" address communication to the public regarding the potential benefits and risks associated with new technologies; analysis of benefits and costs; regulatory flexibility; risk assessment and risk management; coordination between federal agencies, with the states, and with stakeholders; and international cooperation.

The Memorandum also requires that "[r]egulatory approaches shall comply with established requirements and guidance," including:
    "Information Quality Act (Sec,. 515 of the Treasury and General Government Appropriations Act for FY 2001, Pub. L. No. 106-554); Information Quality Guidelines: OMB (2002) Guidelines for Ensuring and Maximizing the Quality, Objectivity, Utility, and Integrity of Information Disseminated by Federal Information Disseminated by Federal Agencies (2002), 67 Fed. Reg. 8452 (Feb. 22, 2002), available at"
  • Click here to read the Memorandum