Congress requires all regulatory agencies to compute cost-benefit and risk analysis to justify major new regulations prior to their being issued.

Question

Quizplus · Accepted Answer

While Congress has encouraged regulatory agencies to perform cost-benefit and risk analyses for major regulations, it is not a universal requirement for all regulatory agencies or for all new regulations. The requirement can vary based on the specific legislation governing the agency and the nature of the regulation.

Congress Requires All Regulatory Agencies to Compute Cost-Benefit and Risk