FEDERAL RULEMAKING Agencies Included Key Elements of Cost-Benefit Analysis, but Explanations of Regulations? Significance Could Be More Transparent

The Paperwork Reduction Act of 1980 (PRA) established OIRA as an office within OMB. OIRA is responsible for the coordinated review of executive agency rulemakings to ensure that regulations are consistent with applicable laws, the President's priorities, and the principles set forth in executive orders. Agencies provide OIRA with basic summary information when drafting rules to determine if additional OIRA review is required.