Administrative regulations: economic impact analysis and standardized regulatory impact assessments: State Air Resources Board.
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Majority
Fiscal committee
No
Appropriation
No
Current location
Appropriations
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed Assembly
- To Governor
- Became Law
Overview
This bill requires the California Air Resources Board (CARB) to conduct more thorough economic impact assessments when considering new regulations. Specifically, it mandates that assessments evaluate the potential effects on low- and middle-income households and disadvantaged communities, and requires the submission of these assessments to the Legislature at least six months before a regulation takes effect. The Legislature must then hold a public hearing if the regulation is projected to raise costs for these groups.
Key provisions
- Requires CARB to conduct economic impact assessments that consider the effects on low- and middle-income households and disadvantaged communities.
- Requires CARB to submit economic impact assessments to the Legislature at least 6 months before a regulation takes effect.
- Mandates a joint public hearing by legislative policy committees if a regulation would raise costs for low- and middle-income households and disadvantaged communities.
- Requires the inclusion of a distributional analysis of costs and benefits across income levels in economic and regulatory impact assessments.
- Demands an informative digest of the economic impacts for public understanding.
- Requires CARB to include an analysis of the impact on energy, gas, and utility prices.
- Updates existing requirements for economic impact assessments to align with current regulations.
- Establishes a process for the Department of Finance to review and comment on regulatory impact analyses.
Bill text
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Sponsors
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