That's an executive order (regulation) requiring proposed regulations undergo a cost-benefit analysis before being promulgated.
It's why we got mandated backup cameras in cars: the cost-benefit analysis revealed the cost to have these in every new car was dwarfed by the cost in human lives of all the kids who were being run over in driveways bc they weren't visible behind cars.
Right, but that's a follow on to regulations about increased rear and side still heights for occupant protection, and that's a follow on from increased vehicle sizes, and that's a follow on from commercial vehicles being sold to the general public instead of regular passenger vehicles due to tax breaks, etc.
I was somewhat disappointed, however, to aee that this applies only to "major rules" from "executive agencies" and as such doesn't seem to apply to an executive order. There would have been some recursive satisfaction to see EO12291 itself tested by its own standard.
Shame we can’t regulate the quality of regulations.