2010 Report to Congress on the Benefits and Costs of Federal Regulations and Unfunded Mandates

Office of Management and Budget, US Goverment ^ | 1/1/2011 | Office of Management and Budget

[M. Dodge Thomas]

The Regulatory Right-to-Know Act calls for the Office of Management and Budget (OMB) to submit to Congress each year “an accounting statement and associated report” including:

(A) an estimate of the total annual benefits and costs (including quantifiable and nonquantifiable effects) of Federal rules and paperwork, to the extent feasible: (1) in the aggregate; (2) by agency and agency program; and (3) by major rule; (B) an analysis of impacts of Federal regulation on State, local, and tribal government, small business, wages, and economic growth; and (C) recommendations for reform.

[M. Dodge Thomas]

Always an interesting read (if you are interested in such things), a yearly attempt at a cost/benefit analysis of Federal Regulations (including the cost to state and local government of "unfunded mandates"). The report also includes discussion of the methodological issues involved in such determinations. At a minimum, provides a rough framework for evaluating the comparative cost/ benefit different types of regulations and regulation by different Departments.

[M. Dodge Thomas]

Also, see the “Peer Review and Comments Section”

http://www.whitehouse.gov/omb/inforeg/2010_cb/comments

[r-q-tek86]

For later read