WV HB2543

Requires agencies submitting proposed legislative rules to include a detailed economic impact statement covering regulatory costs, business productivity and competitiveness, private-sector job creation, private-sector investment, and economic growth

Mandates the Legislative Rule-Making Review Committee to review whether proposed legislative rules would have an economic impact on the state or its residents as part of their evaluation criteria

Requires the committee to note in its filed notice whether an agency failed to comply with any submission requirements when proposing a rule

Expands the existing fiscal note requirement by separating and detailing the economic impact analysis into its own distinct submission category with specific evaluation factors