Grading Estimates of the Benefits and Costs of Federal Regulation

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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Grading Estimates of the Benefits and Costs of Federal Regulation by : Winston Harrington

Download or read book Grading Estimates of the Benefits and Costs of Federal Regulation written by Winston Harrington and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: I review two recent estimates of the costs and, in one case, benefits of federal regulation. The first is found in the Office of Management and Budget's 2005 report to Congress on the benefits and costs of federal regulations (OMB 2005b). OMB estimates annual benefits in 2004 to be $70 to $277 billion and costs to be $34 to $39 billion, but these estimates omit a great deal; the cost estimate, in particular, is generally acknowledged to be an underestimate. The other estimate, written by Mark Crain (Crain 2005) and sponsored by the Small Business Administration, uses a different approach and generates an estimate of $1 trillion. Crain also finds that the burden on small firms is much greater than the burden on large firms. In the final section of the paper, I also review a recent comparison, presented in the 2005 report to Congress, of ex ante and ex post estimates of the benefits and costs of individual regulations. I find the Crain report to be deeply problematic and the OMB's ex ante/ex post comparison slightly less so.

An Analysis of the Third Government Report on the Benefits and Costs of Federal Regulations

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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis An Analysis of the Third Government Report on the Benefits and Costs of Federal Regulations by : Robert W. Hahn

Download or read book An Analysis of the Third Government Report on the Benefits and Costs of Federal Regulations written by Robert W. Hahn and published by . This book was released on 2005 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper critically reviews the draft of the Office of Management and Budget's third report on the benefits and costs of federal regulation. The purpose of this analysis is to offer constructive recommendations for improving that report. We conclude that that report represents a small improvement over the second report. There is, however, room for even more progress. We suggest that OMB make greater use of its in-house expertise to refine estimates of benefits and costs and that it place greater emphasis on those regulations that do not pass a benefit-cost test based on numbers provided by agencies themselves. Using agency numbers reported by OMB, we calculate that about ten recent regulations would not pass a strict benefit-cost test. The OMB should either suggest eliminating or reforming these regulations or explain why they should be kept in place. We also believe that OMB should assemble a scorecard that would assess and compare the quality of regulations and provide guidance on standardizing the content and summary of regulatory analyses. Such changes in presentation would make it easier for interested parties to understand the impacts of regulations and to determine agency compliance with legislation, executive orders, and OMB guidelines.

Federal Regulations

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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (14 download)

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Book Synopsis Federal Regulations by :

Download or read book Federal Regulations written by and published by . This book was released on 2004 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cost-benefit analysis has long been used to try and measure the effects of individual regulatory actions, and underlies at least part of many attempts to assess the cumulative effects of regulations on society. Some policy makers have expressed an interest in cost-benefit analysis and in developing an accurate measure of total regulatory costs as a first step in developing a "regulatory budget" that would set a cap on compliance costs Although measuring total regulatory costs and benefits is inherently difficult (e.g. determining what effects would have occurred in the absence of the regulation and aggregating the results of studies with different methodologies and quality), estimates of regulatory costs have been widely cited by policymakers, the media, and others. This report examines one widely cited report to illustrate the complexities of this type of analysis.

Federal Regulations

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Publisher : Nova Science Publishers
ISBN 13 : 9781634853125
Total Pages : 0 pages
Book Rating : 4.8/5 (531 download)

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Book Synopsis Federal Regulations by : Jamie P. Davidson

Download or read book Federal Regulations written by Jamie P. Davidson and published by Nova Science Publishers. This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Federal agencies issue thousands of regulations each year under delegated authority from Congress. Over the past 70 years, Congress and various Presidents have created a set of procedures agencies must follow to issue these regulations, some of which contain requirements for the calculation and consideration of costs, benefits, and other economic effects of regulations. In recent years, many Members of Congress have expressed an interest in various regulatory reform efforts that would change the current set of rulemaking requirements, including requirements to estimate costs and benefits of regulations. As part of this debate, it has become common for supporters of regulatory reform to comment on the total cost of federal regulation. This book discusses methods of estimating the total cost of federal regulations. Furthermore, the book serves to inform the congressional debate over rulemaking by analysing different ways to measure federal rulemaking activity; describes the existing requirements for cost-benefit and other types of analysis in the federal rulemaking process; and discusses options for changing the current set of analytical requirements.

Federal Regulatory Costs

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ISBN 13 : 9781614703891
Total Pages : 0 pages
Book Rating : 4.7/5 (38 download)

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Book Synopsis Federal Regulatory Costs by : Richard N. Marapao

Download or read book Federal Regulatory Costs written by Richard N. Marapao and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Regulation, like taxing and spending, is a basic function of government. Each year federal agencies issue between 3,000 and 4,000 final rules on topics ranging from the timing of bridge openings to the permissible levels of arsenic and other contaminants in drinking water. Unlike taxing and spending, however, the costs that non-federal entities pay to comply with federal regulations are not accounted for in the federal budget process. Some policy makers have expressed an interest in measuring total regulatory costs and benefits. However, measuring total regulatory costs and benefits is inherently difficult. This book provides an analysis of the estimate of total costs of federal regulation with a focus on the regulatory costs on small firms.

Should Agencies be Allowed to Keep Americans in the Dark about Regulatory Costs and Benefits?

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ISBN 13 :
Total Pages : 196 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Should Agencies be Allowed to Keep Americans in the Dark about Regulatory Costs and Benefits? by : United States. Congress. House. Committee on Government Reform. Subcommittee on National Economic Growth, Natural Resources, and Regulatory Affairs

Download or read book Should Agencies be Allowed to Keep Americans in the Dark about Regulatory Costs and Benefits? written by United States. Congress. House. Committee on Government Reform. Subcommittee on National Economic Growth, Natural Resources, and Regulatory Affairs and published by . This book was released on 1999 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Regulatory Accounting

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ISBN 13 :
Total Pages : 352 pages
Book Rating : 4.0/5 (1 download)

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Book Synopsis Regulatory Accounting by : United States. Congress. House. Committee on Government Reform. Subcommittee on Energy Policy, Natural Resources, and Regulatory Affairs

Download or read book Regulatory Accounting written by United States. Congress. House. Committee on Government Reform. Subcommittee on Energy Policy, Natural Resources, and Regulatory Affairs and published by . This book was released on 2003 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Survey of Federal Agencies on Costs of Federal Regulations

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ISBN 13 :
Total Pages : 184 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Survey of Federal Agencies on Costs of Federal Regulations by :

Download or read book Survey of Federal Agencies on Costs of Federal Regulations written by and published by . This book was released on 1997 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Federal Regulations: Efforts to Estimate Total Costs and Benefits of Rules

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ISBN 13 :
Total Pages : 22 pages
Book Rating : 4.:/5 (644 download)

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Book Synopsis Federal Regulations: Efforts to Estimate Total Costs and Benefits of Rules by :

Download or read book Federal Regulations: Efforts to Estimate Total Costs and Benefits of Rules written by and published by . This book was released on 2004 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cost-benefit analysis has long been used to try and measure the effects of individual regulatory actions, and underlies at least part of many attempts to assess the cumulative effects of regulations on society. Some policy makers have expressed an interest in cost-benefit analysis and in developing an accurate measure of total regulatory costs as a first step in developing a "regulatory budget" that would set a cap on compliance costs Although measuring total regulatory costs and benefits is inherently difficult (e.g. determining what effects would have occurred in the absence of the regulation and aggregating the results of studies with different methodologies and quality), estimates of regulatory costs have been widely cited by policymakers, the media, and others. This report examines one widely cited report to illustrate the complexities of this type of analysis.

Government Analysis of the Benefits and Costs of Regulation

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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Government Analysis of the Benefits and Costs of Regulation by : Robert W. Hahn

Download or read book Government Analysis of the Benefits and Costs of Regulation written by Robert W. Hahn and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Expenditures incurred because of federal environmental, health, and safety regulation have grown dramatically in recent decades, and now total several hundred billion dollars annually. These costs appear likely to increase significantly in the next decade, as well. Yet the economic impacts of regulation receive much less scrutiny than direct, budgeted government spending. The potential gains of regulatory reform are substantial. Research suggests that more than half of the federal government's regulations would fail a strict benefit-cost test using the government's own numbers (Hahn, 1998). There is ample research suggesting that regulation could be significantly improved, so that we could save more lives with fewer resources (Morrall, 1986; Viscusi, 1996). One study found that a reallocation of mandated expenditures toward those regulations with the highest payoff to society could save as many as 60,000 more lives a year at no additional cost (Tengs and Graham, 1996). Recently, Congress has begun to show a greater interest in assessing the economic impact of regulation. In 1996, Senator Ted Stevens of Alaska added an amendment to the Omnibus Consolidated Appropriations Act of 1997 that required the director of the Office of Management and Budget (OMB) to provide Congress with estimates of the total annual benefits and costs of all federal regulatory programs and estimates of the benefits and costs of individual regulations. This statute was the first to mandate such an accounting. In September 1997, the OMB produced its first report on the benefits and costs of regulation in response to the Stevens amendment, and it recently completed a second report in the fall of 1998. At this point it is not clear whether Congress will require additional reports. This essay reviews the increasing use of economic analysis in regulatory decision-making, assesses the first OMB report, and considers how the use of economic analysis can help to inform regulatory decision-making.

How to Improve Regulatory Accounting

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ISBN 13 :
Total Pages : 160 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis How to Improve Regulatory Accounting by : United States. Congress. House. Committee on Government Reform. Subcommittee on Energy Policy, Natural Resources, and Regulatory Affairs

Download or read book How to Improve Regulatory Accounting written by United States. Congress. House. Committee on Government Reform. Subcommittee on Energy Policy, Natural Resources, and Regulatory Affairs and published by . This book was released on 2004 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Cost-benefit Analysis Can be Useful in Assessing Environmental Regulations, Despite Limitations

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ISBN 13 :
Total Pages : 80 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Cost-benefit Analysis Can be Useful in Assessing Environmental Regulations, Despite Limitations by : United States. General Accounting Office

Download or read book Cost-benefit Analysis Can be Useful in Assessing Environmental Regulations, Despite Limitations written by United States. General Accounting Office and published by . This book was released on 1984 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Benefit-cost Analysis Guide for Regulatory Programs

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ISBN 13 :
Total Pages : 116 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis Benefit-cost Analysis Guide for Regulatory Programs by : Canada. Treasury Board. Regulatory Affairs

Download or read book Benefit-cost Analysis Guide for Regulatory Programs written by Canada. Treasury Board. Regulatory Affairs and published by . This book was released on 1995 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt: Canada's federal regulatory policy contains mandatory requirements that departments and agencies, before sponsoring a regulation, must show that regulation is the best alternative and that the regulatory program is structured to maximise the gains to beneficiaries in relation to costs to Canadians. This document is a guide to the use of cost benefit analysis for demonstrating that a proposed regulation maximises net benefit. It reviews how cost benefit analysis fits into the regulatory process, provides a framework for choosing regulatory and non-regulatory alternatives, and describes the type and level of analysis that must be completed before preparing Regulatory Impact Analysis Statements. The guide ends with sections on evaluating impacts to business, consumer impact assessment, evaluation of risk and uncertainty, cost estimation, discounting, and evaluation of environmental quality & other public goods.

2011 Report to Congress on the Benefits and Costs of Federal Regulations and Unfunded Mandates on State, Local, and Tribal Entities

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ISBN 13 :
Total Pages : 171 pages
Book Rating : 4.:/5 (744 download)

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Book Synopsis 2011 Report to Congress on the Benefits and Costs of Federal Regulations and Unfunded Mandates on State, Local, and Tribal Entities by :

Download or read book 2011 Report to Congress on the Benefits and Costs of Federal Regulations and Unfunded Mandates on State, Local, and Tribal Entities written by and published by . This book was released on 2011 with total page 171 pages. Available in PDF, EPUB and Kindle. Book excerpt: In accordance with the Regulatory-Right-to-Know Act, the Office of Management and Budget (OMB) prepares this Report to Congress on the Benefits and Costs of Federal Regulations. The Report summarizes estimates by Federal regulatory agencies of the quantified and monetized benefits and costs of major Federal regulations reviewed by OMB over the last ten years.

H.R. 1704, Congressional Office of Regulatory Analysis Creation Act

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ISBN 13 :
Total Pages : 120 pages
Book Rating : 4.0/5 (18 download)

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Book Synopsis H.R. 1704, Congressional Office of Regulatory Analysis Creation Act by : United States. Congress. House. Committee on Government Reform and Oversight. Subcommittee on National Economic Growth, Natural Resources, and Regulatory Affairs

Download or read book H.R. 1704, Congressional Office of Regulatory Analysis Creation Act written by United States. Congress. House. Committee on Government Reform and Oversight. Subcommittee on National Economic Growth, Natural Resources, and Regulatory Affairs and published by . This book was released on 1998 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Estimating the Costs of Federal Regulation

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ISBN 13 :
Total Pages : 74 pages
Book Rating : 4.:/5 (472 download)

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Book Synopsis Estimating the Costs of Federal Regulation by : Library of Congress. Economics Division

Download or read book Estimating the Costs of Federal Regulation written by Library of Congress. Economics Division and published by . This book was released on 1978 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Simpler

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Publisher : Simon and Schuster
ISBN 13 : 1476726604
Total Pages : 272 pages
Book Rating : 4.4/5 (767 download)

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Book Synopsis Simpler by : Cass R. Sunstein

Download or read book Simpler written by Cass R. Sunstein and published by Simon and Schuster. This book was released on 2013 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: For nearly four years, Sunstein, bestselling author and President Obama's "Regulatory Czar," helped to oversee a revolution in better government. He explains how and why--and what comes next.