Requires economic impact statements for certain legislative rules
Requires agencies to submit economic impact statements for proposed legislative rules that could have a significant economic impact. Defines "economic impact statement" as a detailed analysis of potential costs to the public, including regulatory or transactional costs, business productivity, job creation, investment, and economic growth. The Legislative Rule-Making Review Committee reviews proposed rules and may request economic impact statements.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.