00-574. Draft Report to Congress on the Costs and Benefits of Federal Regulations

[Federal Register Volume 65, Number 5 (Friday, January 7, 2000)]
[Notices]
[Page 1296]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-574]



[[Page 1295]]



Part V





Office of Management and Budget





_______________________________________________________________________



Draft Report to Congress on the Costs and Benefits of Federal 
Regulations; Notice

Federal Register / Vol. 65, No. 5 / Friday, January 7, 2000 / 
Notices

[[Page 1296]]



OFFICE OF MANAGEMENT AND BUDGET


Draft Report to Congress on the Costs and Benefits of Federal 
Regulations

AGENCY: Office of Management and Budget, Executive Office of the 
President.

ACTION: Request for comment on draft report on the costs and benefits 
of federal regulations.

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SUMMARY: OMB requests public comment on its Draft Report to Congress on 
the Costs and Benefits of Federal Regulations (1999). It will submit 
its final version of the report in February, as required by section 
638(a) of the 1999 Omnibus Consolidated and Emergency Supplemental 
Appropriations Act.

DATES: To ensure consideration of comments as OMB prepares its final 
report for submission to Congress in February 2000, please submit all 
comments to OMB so that they are received no later than January 21, 
2000.

ADDRESSES: Please address all comments on the Draft Report to John 
Morrall, Office of Information and Regulatory Affairs, Office of 
Management and Budget, NEOB, Room 10235, 725 17th Street, NW, 
Washington, DC 20503.
    You may submit comments by regular mail, by facsimile to (202) 395-
6974, or by electronic mail to [e-mail].

FOR FURTHER INFORMATION CONTACT: You can review the Report on the 
Internet at: ``http://www.whitehouse.gov/omb/inforeg/index.html''. You 
may also request a copy from John Morrall, Office of Information and 
Regulatory Affairs, Office of Management and Budget, NEOB, Room 10235, 
725 17th Street, NW, Washington, DC 20503. Telephone: [phone]. 
E-mail: [e-mail].

SUPPLEMENTARY INFORMATION: The Draft Report has four chapters. Chapter 
I presents OMB's estimates of total annual costs and benefits of 
Federal regulation and paperwork in the aggregate, by agency, and by 
agency program. It presents an analysis of the impact of Federal 
regulation on State, local, and tribal government, small business, 
wages, and economic growth. It also presents estimates of the costs and 
benefits by agency of the major final regulations issued between April 
1, 1995 and March 31, 1999 for which OMB could quantify and monetize 
impacts. Chapter II uses agency regulatory impact analyses to present 
quantitative estimates and qualitative descriptions of the benefits and 
costs of the 44 major rules issued by Federal agencies for which OMB 
concluded review during the 12-month period between April 1, 1998 and 
March 31, 1999. This ``regulatory year'' is the same period OMB used 
for the first two reports. Chapter III presents OMB's estimates of the 
costs and benefits of major Federal regulations for which we concluded 
review during the period April 1, 1995 to March 31, 1999. We included 
only the regulations for which OMB had quantitative information on both 
costs and benefits. For these regulations, we applied a uniform format 
and standardized measures of costs and benefits to produce estimates 
that could be more readily compared to each other. This information is 
used in our aggregate and by-agency estimates of the total annual costs 
and benefits of Federal regulation in Chapter I. Chapter IV presents 
ten recommendations for reform of specific Federal regulations.
John T. Spotila,
Administrator, Office of Information and Regulatory Affairs.
[FR Doc. 00-574 Filed 1-6-00; 12:15 pm]
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