OMB Finds Costs, Benefits of Major Rules Both Higher

The Office of Management and Budget, a White House agency that can act as a brake on federal rules, has released its 2007 report to Congress on the costs and benefits of federal regulations. The draft report shows the slowdown of federal regulations during George W. Bush's presidency and says the average yearly cost of major regulations issued during his administration is about 47 percent less and the average yearly benefit is more than double what occurred during the previous 20 years. Looking specifically at rules issued from Oct. 1, 1996 to Sept. 30, 20006, OMB said both estimated annual costs and estimated annual benefits are higher than calculated last year, largely because of EPA's particulate matter rule affecting National Ambient Air Quality Standards.

The report (www.whitehouse.gov/omb/inforeg/2007_cb/2007_draft_cb_report.pdf) shows EPA has been busiest among all major federal agencies during the period. While HUD, Education, and Justice issued only one major rule each during the period, EPA issued 39, DOT issued 15, HHS issued 17, and Labor issued five. The five Labor rules impose estimated annual costs of $593 million to $602 million and achieve estimated annual benefits of $1.173 billion to $4.302 billion, according to the report.

It says the particulate matter rule will yield estimated average annual benefits of $4 billion to $40 billion, against estimated average annual costs of $2.5 billion to $2.8 billion. A major rule, as defined by the Small Business Regulatory Enforcement Fairness Act, is one that has an impact of at least $100 million annually on the U.S. economy.

Download Center

HTML - No Current Item Deck
  • Free Safety Management Software Demo

    IndustrySafe Safety Management Software helps organizations to improve safety by providing a comprehensive toolset of software modules to help businesses identify trouble spots; reduce claims, lost days, OSHA fines; and more.

  • Comply with OSHA’s Electronic Recordkeeping Requirements

    Collect relevant incident data and generate accurate OSHA 300, 300A, and 301 regulatory reports, including 300A CSV files for easy electronic submission to OSHA.

  • Complete Online Safety Training Courses

    Deliver state-of-the art, online safety training courses to your organization with IndustrySafe Training Management Software. Generate reports to track training compliance and automatically notify learners of upcoming or overdue classes.

  • Easy to Use Safety Inspection App

    Conduct inspections on the go with IndustrySafe’s mobile app. Complete safety audits at job sites and remote locations—with or without web access.

  • Track Key Safety Performance Indicators

    IndustrySafe’s Dashboard Module allows organizations to easily track safety KPIs and metrics. Gain increased visibility into your business’ operations and safety data.

  • Industry Safe
comments powered by Disqus