SB981 requires state agencies to conduct economic impact assessments for proposed regulations.

SB981 amends Section 11346.3 of the Government Code to require state agencies to assess the potential economic impact of proposed regulations on California businesses and residents. The bill mandates agencies to prepare economic impact assessments for major regulations and submit them to the Department of Finance for review. The assessments must evaluate the impact on job creation, business expansion, and the health and welfare of residents.

SB981 requires state agencies to conduct economic impact assessments for proposed regulations.

SB981 amends Section 11346.3 of the Government Code to require state agencies to assess the potential economic impact of proposed regulations on California businesses and residents. The bill mandates agencies to prepare economic impact assessments for major regulations and submit them to the Department of Finance for review. The assessments must evaluate the impact on job creation, business expansion, and the health and welfare of residents.