The proposed rule would change the way the EPA calculates the costs of regulations by requiring the agency to use a more comprehensive approach. The EPA would be required to consider the costs of compliance for all affected parties, including businesses, consumers, and government entities. The agency would also be required to consider the costs of paperwork, recordkeeping, and other administrative burdens associated with regulations.
The proposed rule would also change the way the EPA calculates the benefits of regulations. The agency would be required to use a more rigorous approach to estimating the benefits of environmental protection, such as the value of reduced pollution and improved health outcomes. The EPA would also be required to consider the benefits of regulations in terms of their impact on the economy, such as job creation and economic growth.
The proposed rule is significant because it could lead to changes in the way the EPA regulates businesses and other entities. By requiring the agency to use a more rigorous methodology for estimating the costs and benefits of regulations, the proposed rule could make it more difficult for the EPA to justify regulations that have significant costs. The proposed rule could also lead to the EPA adopting more flexible regulations that are less burdensome for affected parties.
The EPA is seeking public comment on the proposed rule until [date]. The agency will consider the comments it receives before finalizing the rule.
Additional details about the proposed rule can be found on the EPA's website.
