Senate Slows Down Controversial Cost-Benefit Analysis Bill

Law360, New York (November 15, 2012, 6:41 PM EST) -- A key U.S. Senate committee canceled the markup of a controversial bill requiring regulatory agencies to submit all rules to cost-benefit analysis by the White House so it can be discussed in a hearing, a panel spokeswoman said Thursday, a move expected to slow the bill's progress but considered unlikely to derail it.

The Independent Agency Regulatory Analysis Act, S. 3468, would allow the president to force any independent regulators to submit new rules that could have an economic impact of $100 million or more to the Office of Information and Regulatory Affairs for further cost-benefit analysis. It had been fast-tracked...

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