A Step Towards More Accurate Cost-Benefit Analysis

WASHINGTON – This afternoon, EPA Administrator Wheeler signed a memo directing agency leadership to develop rules for consideration in outlining the proper use of benefit-cost considerations to be applied to future rulemakings. 

AEA President Tom Pyle made the following statement in response:

“EPA Administrator Wheeler’s directive to write new rules for the consideration of cost-benefit analysis is a welcomed and appreciated move as this analysis lays the foundation for all regulatory proposals. This effort will make strides towards more accurate appraisal of the real world implications of regulations and future rulemakings. Previous administrations have often gamed these calculations in order to reach whatever conclusion they desired. We hope the Trump administration’s forthcoming rule will help cut down on the worst abuses.”