In my blog, I have repeatedly discussed both the need for this agency to do cost-benefit analysis as a part of our regulatory activities and the fact that this critical aspect of rulemaking is being regularly ignored by my colleagues. Well, it’s happened again.
During a review of our mid-year budget adjustments, I offered an amendment to do a cost benefit analysis of the testing and certification rule now under development. Three of my colleagues rejected this amendment without even an explanation. It is inconceivable to me why a majority of the commissioners at this agency believe that it is acceptable to issue far-reaching regulations without knowing the economic impact of those regulations. I know that I have said this before and I don’t want to sound like a broken record. Nevertheless, it is important that the public understand that this kind of poor governance is occurring. Here is my official statement discussing my concerns.