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63 Admin. L. Rev. 213 (2011)
On the Economic Analysis of Regulations at Independent Regulatory Commissions

handle is hein.journals/admin63 and id is 1193 raw text is: ON THE ECONOMIC ANALYSIS OF REGULATIONS AT INDEPENDENT REGULATORY COMMISSIONS ARTHUR FRAAS & RANDALL LUTTER* TABLE OF CONTENTS Introdu ction ............................................................................................... 2 14 I. Overview of Analytic Support for Major IRC Regulations ............ 216 A . Statutory R equirem ents ........................................................... 218 1. Congressional Review Act ................................................. 218 2. Regulatory Flexibility Act .................................................. 219 3. Paperwork Reduction Act .................................................. 219 4. Statutory Requirements for Specific IRCs ........................ 219 B. Identification of M ajor Rules ................................................... 221 1. SEC: Clim ate Change Rule ............................................... 221 2. SEC: Conflict M etals Rule ................................................ 222 3. CPSC: Product Safety Information Database Rule ........... 223 C. O M B Reports to Congress ...................................................... 224 1. Scorecard for IR C s ............................................................ 224 2. Comparison with Analysis of Major Rules under Executive O rder 12,866 .................................................... 225 II. Selected IRC Regulatory Analyses: Some Case Studies ................. 226 A. Board of Governors of the Federal Reserve ............................ 227 B. Board of Governors of the Federal Reserve-Federal T rade C om m ission .................................................................. 229 C. Nuclear Regulatory Commission ............................................ 230 D. Securities and Exchange Commission ..................................... 232 III. D iscussion and Conclusions ............................................................ 235 * Arthur Fraas and Randall Lutter are visiting scholars at Resources for the Future. They prepared this paper for a Resources for the Future conference on April 7, 2011.

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