California SB1123 requires agencies to calculate economic impacts of major regulations on businesses and individuals.
California SB1123 amends the Administrative Procedure Act to mandate that agencies identify and calculate any economic benefits, impacts, or savings from major regulations. A "major regulation" is defined as any regulation with an estimated economic impact exceeding fifty million dollars on California businesses and individuals. This provision ensures that agencies factor these economic considerations into their impact estimates.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.