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   When should state agencies conduct a standardized regulatory impact assessment?

   • State agencies must conduct a Standardized Regulatory Impact Assessment (SRIA) when it estimates that a proposed regulation has an economic impact exceeding $50 million. The Department of Finance has adopted regulations for state agencies to follow when conducting a SRIA for major regulations.

   Major Regulations | Department of Finance - California

   dof.ca.gov/forecasting/economics/major-regulations/

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   What is a standardized regulatory impact assessment (SRIA)?

   • Senate Bill 617 (Chapter 496, Statutes of 2011) established additional regulatory impact assessment standards for major regulations. State agencies must conduct a Standardized Regulatory Impact Assessment (SRIA) when it estimates that a proposed regulation has an economic impact exceeding $50 million.

   Major Regulations | Department of Finance - California

   dof.ca.gov/forecasting/economics/major-regulations/

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   Do agencies need to consider specific regulatory impacts?

   • irements for agencies to consider specific regulatory impacts. The Regulatory Flexibility Act (RFA) of 1980 requires agencies to conduct regulatory flexibility analyses for proposed and final rules that will have a “significant economic impact on a substantial number of small entities” (defined as small businesses,

   Cost-Benefit Analysis in Federal Agency Rulemaking

   crsreports.congress.gov/product/pdf/IF/IF12058

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   What is a regulatory impact assessment?

   • Regulatory impact assessments are processes for assessing the effects of new policies and subsequent programs and projects derived from these, on local stakeholders and particularly small local businesses. Making the results of these consultations public is important for the islanders.

   Cognitive biases as project & program complexity enhancers

   www.pmi.org/learning/library/cognitive-biases-complexity-enhancers-projects-1454

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   Where can I find a copy of the Regulatory Impact Assessment?

   • According to the text, copies of the Regulatory Impact Assessment relating to each bill should be made available in the Vote Office and handed out with every copy of the bill and explanatory notes (Paragraph 39, 11).

   The Legislative Process - publications.parliament.uk

   publications.parliament.uk/pa/cm200506/cmselect/cmmodern/1097/1097.pdf

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   What regulations do state agencies follow when conducting a SRIA?

   • The Department of Finance has adopted regulations for state agencies to follow when conducting a SRIA for major regulations. Finance is required to review the completed SRIA submitted by agencies and provide comment (s) to the agency on the extent to which the assessment adheres to the regulations adopted by Finance.

   Major Regulations | Department of Finance - California

   dof.ca.gov/forecasting/economics/major-regulations/

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2. dof.ca.gov › forecasting › economicsMajor Regulations | Department of Finance - California

   dof.ca.gov › forecasting › economics

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   State agencies must conduct a Standardized Regulatory Impact Assessment (SRIA) when it estimates that a proposed regulation has an economic impact exceeding $50 million. The Department of Finance has adopted regulations for state agencies to follow when conducting a SRIA for major regulations.

3. www.rand.org › content › damCalifornia Standardized Regulatory Impact Assessments

   www.rand.org › content › dam

   Nov 22, 2023 · California Senate Bill (SB) 617 (California Senate, 2011) introduced a new requirement—as of November 1, 2013—for state agencies to conduct a standardized regulatory impact assessment (SRIA) for any regulatory action that will have an economic impact exceeding $50 million (California Gov-ernment Code, Chapter 3.5, Section 11342.548).

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     EIPA Explainer | Why are Regulatory Impact Assessments Relevant Now

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     EIPA Explainer | The Origin of Regulatory Impact Assessments

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5. dof.ca.gov › wp-content › uploadsStandardized Regulatory Impact Analysis - California

   dof.ca.gov › wp-content › uploads

   Senate Bill 617 (Stats. 2011, Ch. 496) establishes regulatory impact assessment standards for major regulations. State agencies must conduct a Standardized Regulatory Impact Assessment (SRIA) when they estimate that a proposed regulation has an economic impact exceeding $50 million.

6. www.rand.org › pubs › research_reportsGuidelines for Conducting California Standardized Regulatory ...

   www.rand.org › pubs › research_reports

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   Jan 30, 2024 · The authors review California's rulemaking process and guidelines for conducting standardized regulatory impact assessments for major regulations and provide guidance on methodologies and approaches for assessing the impacts of proposed regulations.

   • Author: David Metz

   • Format: Paperback

7. dof.ca.gov › wp-content › uploadsStandardized Regulatory Impact Assessment - California

   dof.ca.gov › wp-content › uploads

   Dec 6, 2017 · c. Major Regulation Determination. Prior to filing a Notice of Proposed Action with the Office of Administrative Law (OAL), agencies proposing a major regulation must first prepare a statement of regulatory impact assessment (SRIA).

8. publications.gc.ca › collections › collection_2012A Good Practice Handbook for Managing Regulatory Impact Analyses

   publications.gc.ca › collections › collection_2012

   This is where a regulatory impact analysis (RIA) reveals its value. RIA is a collaborative multidisciplinary approach consisting of natural and social assessments, legal and policy considerations, communications, public consultation, economic impacts, and decision analysis tools.

9. lao.ca.gov › Publications › ReportImproving California’s Regulatory Analysis

   lao.ca.gov › Publications › Report

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   Feb 3, 2017 · We recommend the Legislature direct an oversight entity to (1) develop more detailed guidance on best practices for analysis of major regulations and (2) review updated analyses when agencies make substantial changes to a major rule after it is initially proposed.