Comparing the Draft and Final Circular A4
A comparison of the final OMB Circular A-4 to the draft proposed in April 2023
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Modernizing Regulatory Review Actions
In April 2023, the White House issued Executive Order 14094 “Modernizing Regulatory Review” and proposed updates for the documents guiding benefit-cost analysis and economic discount rates for regulations (Circular A-4) and spending (Circular A-94) across federal agencies. The Office of Information and Regulatory Affairs (OIRA) is working to implement these much-anticipated changes, which comprise the most significant regulatory policy initiatives of the Biden administration and raise interesting benefit-cost analysis issues, including the appropriate discount rate, who has standing in a benefit-cost analysis, and how distributional impacts should be measured.
As these actions develop throughout the upcoming year, the Regulatory Studies Center will be covering these actions extensively through engaging events, public comments, insightful commentaries and op-eds, and podcast discussions with our experts.
Our Latest:
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Comparing the Draft and Final Circular A-4. Mark Febrizio, Sarah Hay, and Zhoudan (Zoey) Xie. November 10.
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Promoting Best Practices for US Regulatory Analysis, Joseph Cordes, Susan Dudley, Donald S. Kenkel et al. The Regulatory Review, October 12.
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Recent Antitrust and Regulatory Changes Both Unravel the Consensus, Susan Dudley & Mary Sullivan, September 18.
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Maintaining the Durability of Regulatory Analysis. Susan Dudley interviewed by The Regulatory Review, September 17.
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