Jun 21, 2018 101 Business Trade Associations Joint Letter to Office of Information and Regulatory Affairs Administrator Neomi Rao Regarding the U.S. Environmental Protection Agency’s Cost-Benefit Analysis
Dear Administrator Rao, The public relies on smart regulations to set clear rules that support a clean environment, safe workplaces, and a better quality of life. At the same time, every regulation comes with a price tag, and those costs matter – especially to small businesses and local communities. Cost-benefit analysis, although not perfect, is the best tool agencies have available to them to ensure that regulations promote the public good and do more good than harm. We believe the time has come for EPA to reexamine its statutory interpretations, and unless prohibited by statute, implement its regulatory statutes through cost-benefit balancing.