[Federal Register Volume 70, Number 55 (Wednesday, March 23, 2005)]
[Notices]
[Page 14735]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 05-5651]


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OFFICE OF MANAGEMENT AND BUDGET


Draft 2005 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 2005 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/regpolreports_congress.html, and is divided into three 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, 2003 and September 31, 2004. Chapter II reports the latest 
results of our ongoing historical examination of the trends in Federal 
regulatory activity and explores what we know about the validation of 
ex ante estimates of costs and benefits of Federal regulation by ex 
post studies. Chapter III includes a discussion of the implementation 
of the Information Quality Act.

DATES: To ensure consideration of comments as OMB prepares this Draft 
Report for submission to Congress, comments must be in writing and 
received by June 21, 2005.

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 through notice and comment 
and peer review.

Donald R. Arbuckle,
Deputy Administrator, Office of Information and Regulatory Affairs.
[FR Doc. 05-5651 Filed 3-22-05; 8:45 am]
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