Bill Would Require Cost Analysis Of Federal Agency Rules

Law360, Washington (October 19, 2011, 5:43 PM EDT) -- Sen. Mark Pryor, D-Ark., on Wednesday said he will introduce a bipartisan bill that would require the U.S. Consumer Product Safety Commission and other federal agencies to bring in stakeholders and do a cost-benefit analysis of proposed rules early in the rulemaking process.

The bill, planned by Pryor and Sen. Rob Portman, R-Ohio, would amend the Administrative Procedure Act to require industry's input into rulemaking at its earliest stages, Pryor said at a product risk seminar hosted by Crowell & Moring LLP in Washington, where he also lauded the Consumer Product Safety Improvement Act of...
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