HB 3816 would require regulatory impact analysis (RIA) of all environmental rules. By whatever label—cost-benefit analysis, cost-effectiveness, impact analysis—regulatory analysis is a widely accepted step in the rule-making process.Unlike most other states, Texas has lacked a mechanism to estimate the regulatory costs imposed on the private sector and the general public. HB 3816 would require a simple cost-benefit analysis of proposed environmental rules to provide such transparency for all Texans. Such analysis should help in legislative oversight of agency implementation of state law.
Energy & Environment
D.C. Doesn’t Just Spend Too Much Money, It Spends On The Wrong Things
Can you imagine China, Russia, or Iran spending trillions of dollars to remove any fraction of the carbon dioxide they’re pumping into the air? When corporations — and people — misallocate capital, they tend to suffer. Of course, whether capital is misallocated is sometimes only fully understood after the fullness of time. The People’s Republic...
March 19, 2024