California SB1161 mandates economic impact assessments for regulations affecting low- and middle-income households and disadvantaged communities.

California SB1161 requires the State Air Resources Board to conduct economic impact assessments for proposed regulations, focusing on their effects on low- and middle-income households and disadvantaged communities. These assessments must evaluate impacts on job creation, business expansion, investment, and innovation. The bill mandates that the assessments be clear and understandable to the general public, and they must include a distributional analysis of costs and benefits across different income levels. The assessments also consider the impact on energy, gas, and utility prices.

California SB1161 mandates economic impact assessments for regulations affecting low- and middle-income households and disadvantaged communities.

California SB1161 requires the State Air Resources Board to conduct economic impact assessments for proposed regulations, focusing on their effects on low- and middle-income households and disadvantaged communities. These assessments must evaluate impacts on job creation, business expansion, investment, and innovation. The bill mandates that the assessments be clear and understandable to the general public, and they must include a distributional analysis of costs and benefits across different income levels. The assessments also consider the impact on energy, gas, and utility prices.