FEDweek

OMB Issues Guidance on Regulatory Costs

OMB has told agencies to prepare a proposed total incremental cost allowance for FY 2018 for its oversight of their compliance with the Trump administration executive orders on reducing the costs to the public of regulations.

The cost allowances should be informed by agencies’ Regulatory Plan and Unified Agenda of Federal Regulatory and Deregulatory Actions due to OMB on Monday, memo M-17-31 said. “Each agency should include along with its proposed FY 2018 cost allowance, an explanation of how the agency developed its proposed allowance and how that proposed allowance is consistent with the administration’s regulatory policies and priorities,” it said.

OMB will review them for consistency with the goal of reducing the regulatory burden on the public and “expects that each agency will propose a net reduction in total incremental regulatory costs for FY 2018,” it said.

OMB expects to publish each agency’s final total incremental cost allowances in conjunction with the 2017 Fall Regulatory Plan and Agenda.