E&E News: “Will Biden’s Rulemaking Revisions Last?”
RFF President and CEO Richard G. Newell shares his thoughts on the US Office of Management and Budget's much-anticipated update to its cost-benefit analysis calculations.
The White House regulatory office Thursday responded to those comments in 94 pages and 586 footnotes grounding the changes in current economics literature.
That will make it tough for a subsequent administration to replace the update without going through a similarly rigorous process, said Richard Newell, president and CEO of Resources for the Future.
“I don’t think it would be that simple,” said Newell, an energy economist. He noted the circular underpins numerous federal decisions and rulemakings that could undergo legal challenge.
“If they were to change the guidance in a way that wasn’t scientifically valid — that was arbitrary — that could be litigated,” said Newell.
