CA AB2366

Requires state agencies to assess cost-of-living impacts on California residents (housing, transportation, food, taxes, health care) when proposing new regulations, in addition to existing economic impact assessments

Mandates the Legislative Analyst's Office develop a standardized cost-of-living methodology and conduct independent analysis of agencies' economic assessments, with 60 days to provide comments to agencies

Requires the Department of Finance to create and maintain a public "regulatory economic burden tracker" analyzing cumulative regulatory costs by economic sector, updated annually

Extends the Office of Administrative Law's review period for major regulations from 30 to 60 working days and requires a public hearing within 30 days of submission

If a regulation is disapproved due to significant cost-of-living impact, the agency must pursue a less costly alternative or explain in detail why such an alternative is infeasible