Expands requirements for regulatory impact statements and creates New York state regulatory review council.

The bill amends the state administrative procedure act to expand the requirements for regulatory impact statements to include discussions of potential benefits and cost savings. It creates the New York state regulatory review council, which will review every promulgation, repeal, or amendment of every rule or regulation. No new rule, unless critical to health, safety, or welfare, may become effective without the approval of the council. The council will consist of six voting members and will publish an annual report on its actions.

Expands requirements for regulatory impact statements and creates New York state regulatory review council.

The bill amends the state administrative procedure act to expand the requirements for regulatory impact statements to include discussions of potential benefits and cost savings. It creates the New York state regulatory review council, which will review every promulgation, repeal, or amendment of every rule or regulation. No new rule, unless critical to health, safety, or welfare, may become effective without the approval of the council. The council will consist of six voting members and will publish an annual report on its actions.