Connecticut Senate Bill SB00741

Connecticut 2011 Regular Session

• Introduced: 1/25/11
• Refer: 1/25/11

Caption

An Act Requiring A Cost-benefit Analysis Of State Regulations.

Impact

If passed, this bill would have significant implications for existing regulations within the state. By establishing a framework for reviewing regulations, it could lead to the identification and subsequent amendment or repeal of those that impose a higher cost than benefit. This, in turn, could streamline regulatory processes and potentially reduce unnecessary bureaucratic burden on businesses and individuals alike.

Summary

SB00741 is a legislative proposal aimed at enhancing the transparency and efficiency of state regulations through a mandated cost-benefit analysis. The bill requires the Commissioner of Economic and Community Development to conduct a thorough review of all existing state regulations, assessing both the quantitative and qualitative aspects of their costs and benefits. This analysis is to be completed no later than July 1, 2015, after which a report will be submitted to the Governor and the relevant legislative committee.

Contention

The discussion surrounding SB00741 may involve concerns about the adequacy of such analyses and the potential for regulatory rollbacks that could diminish protections in areas such as health, safety, and environmental standards. Advocates for regulatory reform may see this as an opportunity to eliminate outdated or overly burdensome regulations. However, critics might argue that a narrow focus on cost could overlook essential qualitative benefits of certain regulations, ultimately leading to a dilution of public safety standards.