Colorado business leaders are happy to know that the state-ordered cost-benefit analyses of new regulations to impact the implementation of potentially burdensome new rules will continue without an end-date, according to the Denver Business Journal.
House Bill 1237, the approximately two-decade-old process, was signed into law last week by Gov. Hickenlooper. The bill added to the process by requiring the state rulemaking agencies include on their websites information about the cost-benefit analysis process and a link to an enrollment form to receive regulatory notices.
The bill was sponsored by Rep. Kevin Van Winkle and Rep. Tracy Kraft-Tharp, according to the Denver Business Journal. The sponsors said that the process gives people the chance to have input before new rules go into place.
NFIB Colorado State Director Tony Gagliardi is happy that the state’s legislature made the beneficial bill a permanent addition to the state’s laws, as well as a requirement of departments whose rules affect business operations across the state.
“Policymakers think in today’s terms. They don’t think about ‘Five years down the road or three years down the road, what’s this going to cost?’” Gagliardi is quoted as saying. “I think the cost-benefit analysis is beneficial to industry, it’s beneficial to policymakers and it’s beneficial to citizens who have to pay for its work.”
According to the Denver Business Journal, Gagliardi remembers testifying on behalf of the process in 2005, which was the first time that it was brought up for review and made a subject of debate on its continuance.
