New model aims to predict how long it takes rules to be published after they clear OIRA review.
Scholars present a defense of and propose a framework for financial cost-benefit analysis.
Working paper says agencies have broad, but cabined, discretion to delay and defer.
Data from recent rulemakings do not show that OIRA review systematically lowers estimated benefits and increases estimated costs.
Better understanding of OIRA’s role – and its rationale – provides a new agenda for reform.
ACUS floats proposals to make rule review faster and more transparent.