Congress Should Halt OMB’s Rewrite Of Circular A-4 Guidance On Regulatory Cost-Benefit Analysis

People love to gripe about red tape; but not only is there a method to the madness, there’s a certain madness to the method these days.

Regulations typically go through public notice-and-comment procedures. That’s obscure enough when they appear in a Federal Register of tens of thousands of pages annually that nobody can actually read. Down another layer below that, the assessments of the purported costs and benefits of what agencies plan to inflict are called Regulatory Impact Analyses.