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Senate approves measure requiring fiscal and economic impact statements for agency rules
Summary
The Senate adopted legislation requiring the Legislative Fiscal Office to report when agency rulemaking would impose costs above legislative fiscal notes, and set thresholds and procedures for committee review.
The Louisiana State Senate passed a bill to require additional fiscal and economic-impact review when executive-branch rules impose costs beyond original legislative fiscal estimates.
Senator Reese, sponsor of the measure, described the bill as "model legislation" to add oversight to the Administrative Procedure Act. "When we pass legislation in this chamber, we create a fiscal note," Reese said. He explained agencies often promulgate…
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