OMB Reports that the Benefits of Regulation Exceed the Costs. The President Knows that Can’t Be Right

Late last month, to no fanfare whatsoever, OMB released its annual report on the costs and benefits of federal regulations.  There’s a reason that the Administration did not give the report any attention.  The report states that, for the 10-year period ending September 30, 2016, the benefits of major Federal regulations ranged from $219 billion and $695 billion, while the costs ranged between $59 billion and $88 billion.  Not a report that supports a deregulatory agenda. Not surprisingly, the report qualifies the conclusions as much as possible without actually repudiating them. We are issuing this report after a change in Administration, and therefore would like to clarify that OMB’s reporting of the results of these RIAs does not imply an endorsement by the current Administration of all of the assumptions made and analyses conducted at the time these regulations were finalized. Of course, it’s been known for some time that the cost of…

Read more detail on Recent Environmental Law posts –

This entry was posted in Environmental Law and tagged , , , , , , , , . Bookmark the permalink.

Leave a Reply