I think that is precisely why we need to have it in statute. I thought there was an agreement in this body, a consensus that the costs and benefits of legislation ought to be known, and in addition, that when new regulations were promulgated that agencies ought to have a requirement, as the Executive order provides, and in fact it goes much further than our bill, that the agency provide an assessment of what the costs are going to be. That is all we are asking here.
Rob Portman: “I think that is precisely why we need to have it in statute. I thought there was an agreement in this body, a consensus…”
Editor's note · Context
Discussing the need for legislation to require cost assessments for new regulations.
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