Regulatory Cost-Benefit Analysis – Passage

Passage of the bill that would require the Office of Management and Budget's Office of Information and Regulatory Affairs to review significant government regulatory actions to insure that they are consistent with relevant laws and do not conflict with regulations issued by other agencies. The bill would define significant regulatory actions as those that are likely to have an annual economic effect of $100 million or more. As amended, it would require OIRA to keep a log of all of its communications with an agency related to a regulation before a regulation is submitted for review. The communications would be required to be published when the regulation is published in the Federal Register.