abstract:A Regulatory Impact Analysis or Regulatory Impact Assessment (RIA) is a document created before a new government regulation is introduced. RIAs are produced in many countries, although their scope, content, role and influence on policy making vary.
They mustalsoprepare a "regulatoryimpactanalysis" orassessmentofanticipatedcosts and benefitsforanyproposedrulethat is likely to have a significanteconomicimpact.
For example, if the significant energy action has an economic impact that would require the agency to prepare a RegulatoryImpactAnalysis (RIA) under Sections 3(f)(1) and 6(a)(3)(C) of E.
Federal agencies are required by presidential executive order to prepare a regulatoryimpact assessment in support of any economically significant regulatory action, an important component of which is a benefit-cost analysis.