Increased Transparency and Accountability in Federal Rulemaking
New rules aim to increase transparency and accountability in the federal government's process of creating significant regulations. Citizens will gain better insight into how new rules might affect their finances, jobs, and daily lives, and will have greater opportunities to voice their opinions.
Key points
Major new rules (with an annual economic impact of $100 million or significant effects on prices/competition) will require detailed analysis of benefits and costs, including job impact.
Government agencies will need to consult with citizens, businesses (including small ones), and state/local governments early in the rulemaking process.
Citizens will gain the right to judicial review to ensure agencies properly conducted impact analyses and selected the best alternatives, increasing protection against unwarranted burdens.
Status:
Expired
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