Existing law requires a state agency, except as specified, proposing to adopt, amend, or repeal a major regulation to prepare a standardized regulatory impact analysis in the manner prescribed by the Department of Finance, addressing specified considerations, and submit that analysis to the Department of Finance. Existing law requires the department to comment, within 30 days of receiving the analysis, on the extent to which the analysis adheres to specified regulations.

This bill would require the State Air Resources Board to also prepare and publish a supplemental standardized regulatory impact analysis if the proposed regulation is materially changed after release of the initial standardized regulatory impact analysis described above, and before adoption, that updates the consumer cost analysis to reflect amendments made during the rulemaking process. The bill would require the board to make the supplemental standardized regulatory impact analysis available for public review.