OMB and Risk Assessment (CRS Report for Congress)
Premium Purchase PDF for $24.95 (14 pages)
add to cart or
subscribe for unlimited access
Pro Premium subscribers have free access to our full library of CRS reports.
Subscribe today, or
request a demo to learn more.
| Release Date |
Revised March 14, 2008 |
| Report Number |
RL33500 |
| Report Type |
Report |
| Authors |
Curtis W. Copeland, Government and Finance Division |
| Source Agency |
Congressional Research Service |
| Older Revisions |
-
Premium June 29, 2006 (12 pages, $24.95)
add
|
Summary:
On January 9, 2006, the Office of Management and Budget's (OMB's) Officeof Information and Regulatory Affairs (OIRA) released a proposed bulletin on riskassessment for comment by the public and for peer review by the National Academyof Sciences (NAS). Public comments on the bulletin were requested by June 15,2006. The bulletin proposed to establish general risk assessment and reportingstandards, and to establish special standards for "influential" risk assessments. Thebulletin applied to all agencies covered by the Paperwork Reduction Act (i.e., cabinetdepartments, independent agencies, and independent regulatory agencies). The legalauthorities cited for the bulletin include the Information Quality Act (IQA); theRegulatory Right-to-Know Act, which directs OMB to "issue guidelines to agenciesto standardize ... measures of costs and benefits" of federal rules; and ExecutiveOrder 12866, which says OIRA is the "repository of expertise concerning regulatoryissues," and requires agencies to base their decisions on the "best reasonablyobtainable scientific, economic, or other information." OMB said the risk assessmentbulletin builds on its IQA guidelines and its peer review bulletin, and is intendedto be a companion document to its guidance on regulatory impact analyses (OMBCircular A-4).
