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122002 1 (1983-07-28)

handle is hein.gao/gaobactcn0001 and id is 1 raw text is: SUMMARY 122002 GAO strongly supports the use of regulatory analysis, which can contribute to more-cost-effective regulation. We found, how- ever, that regulatory analysis has not fully achieved its poten- tial for improving regulatory decisionmaking under Executive Order 12291. To remedy this, we recommend that (1) the quality of underlying data be improved by requiring that data submitted to rulemaking records be accompanied by sufficient documentation to assess their validity and that (2) explicit guidelines for waiving analytical requirements be developed. We are also con- cerned about the adequacy of agency resources for performing good analyses. With respect to the relationship between executive oversight and the quality of regulatory analysis, we believe that OMB could improve the quality of analyses if it played a broader, more sup- portive role and promoted government-wide consistency in the application of the tool. We recommend in addition that OMB make its substantive comments publicly available and identify its sources of information. Finally, we point out that a potential exists in some cases for confusion as to whether statutory provisions preclude the use of regulatory analysis. We observe that resolution of this mat- ter would require the Congress to identify those statutes where use of cost-benefit analysis and related analytical tools are prohibited.

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