LB472

Nebraska LB472 establishes the Regulatory Management Act to oversee state agencies' regulatory actions.

Nebraska LB472, the Regulatory Management Act, establishes the Office of Regulatory Management to oversee state agencies' regulatory actions. The office will ensure agencies identify systemic failures or problems requiring new regulations, analyze credible evidence, and provide monetized or quantitative estimates of costs and benefits. Agencies must list regulatory requirements and update reviews every two years or upon request. The office will publish biennial reports on regulatory impacts and ensure best practices in regulatory creation.