Key Votes

AB 2529 - Peer Review Requirements for Regulatory Economic Impact Analysis - Key Vote

California Key Votes

Stages

Family

Issues

Stage Details

Legislation - Referred to Committee (Senate) -
Legislation - Bill Passed (House) (44-18) - (Key vote)

Title: Peer Review Requirements for Regulatory Economic Impact Analysis

Vote Smart's Synopsis:

Vote to pass a bill requiring externally peer reviewed economic impacts analysis for major proposed regulations.

Highlights:
  • Defines "related economic impacts analysis" as an analysis of the reasonably identifiable and significant impacts of a major proposed regulation based on empirical data or other scientific or economic findings, conclusions, or assumptions, including, but not limited to (Sec.1):
    • Short-term and long-term jobs affected by the major proposed regulation; and
    • The revenues to the General Fund and special funds attributable to the major proposed regulation.
  • Requires that an agency enter into an agreement with the National Bureau of Economic Research, the University of California, the California State University, or a group of economists of comparable stature and qualifications to conduct an external peer review of the related economic impacts analysis of the major proposed regulation (Sec. 1).
  • Prohibits persons with any conflict of interest from serving as an external peer reviewer of a proposed regulation (Sec. 1).
  • Authorizes that if an agency disagrees with the findings of the external peer reviewer it can explain its basis for disagreement as part of the rulemaking record and that a public hearing will be held in which the public can comment on the written report of the external peer reviewer and the agency's disagreement with that report (Sec. 1).
  • Specifies that once an external peer review of the related economic impacts analysis has been completed the agency will not be required to conduct additional peer reviews (Sec. 1).
Legislation - Introduced (House) -

Title: Peer Review Requirements for Regulatory Economic Impact Analysis

Sponsors

  • Felipe Fuentes (CA - D) (Out Of Office)