Which documents are included in the notice to assess a proposed rule's impact?

Which documents are included in the notice to assess a proposed rule's impact?

• A. Regulatory impact statement and flexibility analysis.
• B. A budget forecast.
• C. A list of contractors.
• D. A summary only.

Answer: (A)

When a rule is proposed, the notice must include an assessment of its impact on the economy and those affected. The documents used for that purpose are the Regulatory Impact Statement, which outlines the expected costs, benefits, and who will be affected, and the Flexibility Analysis, which evaluates the burden on small businesses and considers options to lessen that burden, including exemptions or alternative approaches. A budget forecast, a list of contractors, or a summary alone do not provide the required, detailed impact assessment and thus are not included for this purpose.

When a rule is proposed, the notice must include an assessment of its impact on the economy and those affected. The documents used for that purpose are the Regulatory Impact Statement, which outlines the expected costs, benefits, and who will be affected, and the Flexibility Analysis, which evaluates the burden on small businesses and considers options to lessen that burden, including exemptions or alternative approaches. A budget forecast, a list of contractors, or a summary alone do not provide the required, detailed impact assessment and thus are not included for this purpose.