H.R. 3230 would require agencies that promulgate major rules—those with an annual economic effect of $100 million or more—to prepare and publish regulatory impact analysis that would accompany the notice of proposed rulemaking and the final rule. Additionally, enacting the bill would limit some of the discretion agencies have over selecting an approach to that regulatory analysis. The bill also would codify some policies that are already common practice or required under executive orders concerning regulatory impact analyses.
