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Committee advances bill to require cost-of-living analysis for state regulations
Summary
The Assembly subcommittee voted to pass AB2366, which would require state agencies to assess and disclose potential cost-of-living impacts from administrative regulations and subject key analyses to independent review by the Legislative Analyst's Office.
The Assembly subcommittee on economic development advanced Assembly Bill 2366 on a committee vote, sending the measure to the judiciary committee with a recommendation to pass.
The bill's author introduced AB2366 as a requirement that state agencies explicitly assess the potential for proposed administrative regulations to impose adverse economic impacts on businesses and individuals, "to ensure that the proposed regulations' financial impacts on everyday Californians will be directly and adequately disclosed and analyzed," the author said during the hearing. Supporters argued the change would add transparency to…
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