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DOCUIENT FPSUfME
07970 - [C33284161
rCosts and Benefits of Government Regulation]. November '1o
1978. 9 pp.
Testimony before the Senate Committee on Commerce, Science, and
Transp ,-rtation: Consumer Subcommittee; by Hazry S. 6avens,
Directoc. Program Analysis Div.
Contact: Program Analysis Div.
Congressional Relevance: Senate Committee on Commerce, Science,
and Transportation: Consumer Subcmisdittee,
An analysis of costs and benefits of government
regulation dealt vith the various types of regulatory costs to
society, alternatives to regulatory methods, and the need for
coordination of regulation. Regulatory costs include dirict
costs of compliance such as costs of paperuork, equipment
modifications, and testing procedures. Indirect costs result
from the redirection of industrial research and development
efforts and from conflicting regulaticns and goals. Alternatives
to current regulatory methods include leering the cost ¢f
regulation through administrative improvements, regulation which
specifies results without specifying methods, use of financial
incentives, selective exemptions, eliminating unnecessary
regulation, and eliminating the use of regulation to ackdeve
goals which can be net by more direct means, There is a &eed for
Government-wide coordinatiou in order to ctablish reguiatory
priorities. (ETW)](ViewImageLocal?handle=hein.gao/gaobadybz0001&div=1&collection=&method=preview&ext=.png&size=3)