LB366

Nebraska LB366 establishes the Legislative Economic Analysis Unit and the Chief Economist to analyze economic impacts of rules and regulations.

Nebraska LB366 creates the Legislative Economic Analysis Unit within the state Legislature, led by the Chief Economist appointed by the Speaker. The unit's duties include determining if rules or regulations are major, conducting economic impact analyses, and providing reports to the Legislature. Major rules or regulations, defined as those with significant economic impacts or adverse effects on competition, employment, or investment, must undergo a sixty-day legislative review before taking effect.