[Federal Register Volume 69, Number 34 (Friday, February 20, 2004)]
[Notices]
[Pages 7987-7988]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-3652]


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OFFICE OF MANAGEMENT AND BUDGET


Draft 2004 Report to Congress on the Costs and Benefits of 
Federal Regulations

AGENCY: Office of Management and Budget, Executive Office of the 
President.

ACTION: Notice of availability and request for comments.

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SUMMARY: OMB requests comments on 2004 Draft Report to Congress on the 
Costs and Benefits of Federal Regulation. The full Draft Report is 
available at http://www.whitehouse.gov/omb/inforeg/regpol-reports_congress.html, and is divided into two chapters. Chapter I presents 
estimates of the costs and benefits of Federal regulation and 
paperwork, with an emphasis on the major regulations issued between 
October 1, 2002 and September 31, 2003. Chapter I also presents a 
discussion of the impact of regulation on State, local, and tribal 
governments, small businesses, wages, and economic growth. Chapter II 
reviews the economics literature on the impacts of regulation on 
manufacturing enterprises, and requests public nominations of 
regulatory reforms relevant to this sector. Chapter II also requests 
suggestions to simplify IRS paperwork requirements, which are 
particularly burdensome for small businesses.

DATES: To ensure consideration of comments as OMB prepares this Draft 
Report for submission to Congress, comments must be in writing and 
received by May 20, 2004.

ADDRESSES: We are still experiencing delays in the regular mail, 
including first class and express mail. To ensure that your comments 
are received, we recommend that comments on this draft report be 
electronically mailed to [email protected], or faxed to (202) 
395-7245. You may also submit comments to Lorraine Hunt, Office of 
Information and Regulatory Affairs, Office of Management and Budget, 
NEOB, Room 10202, 725 17th Street, NW., Washington, DC 20503. For 
Further Information, contact: Lorraine Hunt, Office of Information and 
Regulatory Affairs, Office of Management and Budget, NEOB, Room 10202, 
725 17th Street, NW., Washington, DC 20503. Telephone: (202) 395-3084.

SUPPLEMENTARY INFORMATION: Congress directed the Office of Management 
and Budget (OMB) to prepare an annual Report to Congress on the Costs 
and Benefits of Federal Regulations. Specifically, Section 624 of the 
FY 2001 Treasury and General Government Appropriations Act, also known 
as the ``'Regulatory Right-to-Know Act,''' (the Act) requires OMB to 
submit a report on the costs and benefits of Federal regulations 
together with recommendation for reform. The Act states that the report 
should contain estimates of the costs and benefits of regulations in 
the aggregate, by agency and agency program, and by major rule, as well 
as an analysis of impacts of Federal regulation on State, local, and 
tribal governments, small businesses, wages, and economic growth. The 
Act also states that the report should go

[[Page 7988]]

through notice and comment and peer review.

John D. Graham,
Administrator, Office of Information and Regulatory Affairs.
[FR Doc. 04-3652 Filed 2-19-04; 8:45 am]
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