[Federal Register Volume 72, Number 47 (Monday, March 12, 2007)]
[Notices]
[Pages 11061-11062]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-4375]


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OFFICE OF MANAGEMENT AND BUDGET


Draft 2007 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: The Office of Management and Budget (OMB) requests comments on 
its 2007 Draft Report to Congress on the Costs and Benefits of Federal 
Regulations. The full Draft Report is available at http://www.whitehouse.gov/omb/inforeg/regpol-reports_congress.html, and is 
divided into four chapters. Chapter I examines the costs and benefits 
of major Federal regulations issued in fiscal year 2006 and summarizes 
the costs and benefits of major regulations issued between September 
1996 and 2006. It also discusses regulatory impacts on State, local, 
and tribal governments, small business, wages, and economic growth. 
Chapter II examines trends in regulation since OMB began to compile 
benefit and cost estimates records in 1981. Chapter III provides an 
update on implementation of the Information Quality Act, and Chapter IV 
summarizes agency compliance with the Unfunded Mandates Reform 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 11, 2007.

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 Mabel Echols, Office of 
Information and Regulatory Affairs, Office of Management and Budget, 
NEOB, Room 10201, 725 17th Street, NW., Washington, DC 20503. All 
comments submitted in response to this notice will be made available to 
the public, including by posting them on OMB's Web site. For this 
reason, please

[[Page 11062]]

do not include in your comments information of a confidential nature, 
such as sensitive personal information or proprietary information.

FOR FURTHER INFORMATION CONTACT: Mabel Echols, Office of Information 
and Regulatory Affairs, Office of Management and Budget, NEOB, Room 
10201, 725 17th Street, NW., Washington, DC 20503. Telephone: (202) 
395-3093.

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.

Steven D. Aitken,
Acting Administrator, Office of Information and Regulatory Affairs.
 [FR Doc. E7-4375 Filed 3-9-07; 8:45 am]
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