NY A00243

Requires state agencies to include detailed assessments of both benefits and costs in regulatory impact statements, including quantification where feasible or qualitative analysis when quantification is difficult

Mandates identification of classes of persons or entities that would benefit from proposed rules, along with analysis of direct and indirect benefits to the economy, health and safety, environment, and reduction of discrimination

Expands cost analysis requirements to cover impacts on regulated persons, unregulated but affected parties, the proposing agency, other state entities, and local governments, including effects on productivity, employment, and market competitiveness

Requires agencies to include copies of public comments containing cost or benefit estimates that differ significantly from agency estimates when distributing rulemaking notices

Adds electronic media reporting to paperwork requirements that must be described in regulatory impact statements

Takes effect September 1 following enactment and applies to rules for which proposed rulemaking or emergency adoption notices are first prepared on or after that date