Regulatory Impact Analysis

Requiring algorithmic impact assessments would promote responsible decision-making and inform future policies.

The OECD highlights three tools for policymakers to improve regulatory outcomes.

Regulators should go beyond cost-benefit analysis and evaluate the distributional impacts of regulations.

Policymakers should consider direct compensation for people who regulations negatively affect.

An arts-based framework could re-democratize the rulemaking process.

Risk-based regulation requires regulators to choose which decision-making principles to apply.

Precise statutory language corresponds to better benefit-cost analysis and more consistent judicial review.

Independent agencies should take steps to conduct more thorough economic analysis when writing regulations.

Policy oscillation creates serious problems that may require government scrutiny.

Scholars and industry representatives highlight takeaways from conference on new regulatory developments.

Agency sees increased effectiveness after incorporating feedback from courts and academics.

Earlier and less burdensome regulatory impact analyses would lead to more transparent, better regulatory decisions.