WV SB163

Requires state agencies to submit an economic impact statement with proposed legislative rules that could have an economic impact exceeding $200,000 in any single year or $1 million over five years

Defines "economic impact statement" as a detailed analysis measuring potential costs of rule implementation, including effects on regulatory costs, business competitiveness, private-sector job creation, investment, and economic growth

Adds economic impact on the state and its residents as a required review criterion for the Legislative Rule-Making Review Committee when evaluating proposed rules

Authorizes Legislative Rule-Making Review Committee members to request economic impact statements from agencies on emergency rules, regardless of the estimated economic impact threshold

Requires committee notices to identify whether an agency's proposed legislative rule followed all established submission requirements