MN SF1438

State agencies would be prohibited from adopting or amending administrative rules unless a cost-benefit analysis demonstrates that total projected benefits exceed total projected costs, with costs and benefits expressed in dollar terms over a five-year period

Agencies must publish preliminary cost-benefit analyses with proposed rules and final analyses upon adoption, including all documentation, assumptions, methods, and data on a public website in machine-readable format

The Office of Administrative Hearings would develop standardized analytic methods conforming to best practices in statistics and economics, and courts could invalidate rules supported by significantly deficient cost-benefit analyses

Agencies must notify legislative committee chairs and ranking minority members by email when adopting exempt rules, good cause rules, or expedited rules

The cost-benefit analysis requirement would not apply to exempt rules, good cause rules, or expedited rules, and the bill would take effect the day after enactment for rules adopted or amended on or after that date