WV SB570

Requires state agencies to include a detailed economic impact statement when submitting proposed legislative rules, analyzing factors including regulatory costs, business competitiveness, job creation, private investment, and economic growth

Mandates calculation of compliance costs for non-governmental entities by multiplying aggregate manhours of labor statewide by $60 per hour, adjusted for inflation

Adds a new review requirement for the Legislative Rule-Making Review Committee to determine whether proposed rules would have an economic impact on the state or its residents

Requires the committee's notice of action to identify whether an agency failed to comply with any submission requirements when proposing a rule

Applies to all agencies submitting legislative rules to the Legislative Rule-Making Review Committee for consideration by the Legislature