(Cost-benefit analysis) In April 1995, “the Senate Judiciary Committee cleared a bill to require federal agencies to conduct extensive cost-benefit analyses before issuing many regulations.” [Timothy Noah, “Bill Requiring U.S. Agencies to Conduct Cost-Benefit Analyses Gains in Senate,” Wall Street Journal (April 28, 1995), p. B2.]

a. Investigate the status of the proposed cost-benefit rules.

b. Flow would one determine the cost of regulations?

c. Why would the use of cost-benefit analysis be difficult for the U.S. (or any other) government?

d. Why would such a bill have a built-in exclusion for certain regulations (ones that cost the economy less than $50 million or $100 million per year, using either the Dole or Roth bill, respectively)?

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