Regulatory Process
Regulatory Impact Analysis
Definition
An assessment of the costs, benefits, and economic impact of a proposed regulation, required for significant rules by Executive Order 12866.
Related Terms
OIRA
Office of Information and Regulatory Affairs. A division within OMB that reviews significant federal regulations before they are published.
NPRMNotice of Proposed Rulemaking. A public announcement by a federal agency of a proposed new regulation, published in the Federal Register to invite public comment.
More Regulatory Process Terms
Common Questions
- What does "Regulatory Impact Analysis" mean?
- An assessment of the costs, benefits, and economic impact of a proposed regulation, required for significant rules by Executive Order 12866.
- What terms are related to regulatory impact analysis?
- Related terms include: OIRA, NPRM. Understanding these related concepts helps provide context for regulatory impact analysis.