Archives for Cost-benefit anaylsis

Letter to The Administrative Conference of the United States on Cost-Benefit Analysis (4/19/2013)

Date: April 19, 2013

IssueRegulatory Reform

To: Administrative Conference of the United States

Filing TypeRegulatory

Description: The Administrative Conference of the United States (ACUS) is currently studying the role of cost-benefit analysis in regulations generally and its application to financial services regulation.  CCMC sent a letter to ACUS highlighting the Center’s recent study on the importance of cost-benefit analysis and particular aspects of the report that may be of interest to ACUS including the following:

  • Financial regulators have a statutory requirement to perform a cost-benefit analysis when writing regulations;
  • The Courts, Inspector General reports, and General Accounting Office reports have found that financial regulators are either ignoring these requirements or performing inadequate cost-benefit analysis;
  • And all financial regulators should use a broader, wider and more rigorous application of cost-benefit analysis to ground proposals in facts, ensure they achieve the desired benefits, and better understand the possible costs and consequences that may result from their actions.

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Hill Support Letter for H.R. 634, H.R. 677, H.R. 742, H.R. 992, H.R. 1003, H.R. 1038, H.R. 1256 (3/20/2013)

Date: March 20, 2013

Issue: Derivatives

To: The Honorable Frank Lucas and the Honorable Collin Peterson

Filing Type:‚Äč Congressional 

Description: Following the House Agriculture Committee hearing “Examining Legislative Improvements to Title VII of the Dodd-Frank Act” which discussed several corrections to the derivatives title, the committee voted and passed all seven bills. The Chamber and the Coalition for Derivative End-Users issued support for a number of the bills.

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Hill Letter Regarding Cost Benefit Analysis Study (3/11/2013)

Date: March 11, 2013

Issue: Regulatory Reform

To: The Honorable Tim Johnson and the Honorable Mike Crapo

Filing Type: Congressional

Description: CCMC released The Importance of Cost Benefit Analysis to Financial Regulation at an event discussing how cost benefit analysis is not only a legal requirement, but if utilized in an effective manner, produces better, more efficient regulations.

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Letter to the Senate on Release of Cost Benefit Analysis (3/11/2013)

Date: March 11, 2013

Issue: Regulatory Reform 

To: The Honorable Tim Johnson and the Honorable Mike Crapo

Filing Type: Congressional 

Description: On Tuesday, March 12, we released The Importance of Cost Benefit Analysis to Financial Regulation at an event discussing how cost benefit analysis is not only a legal requirement, but if utilized in an effective manner, produces better, more efficient regulations.

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Letter to the House on release of Cost Benefit Analysis (3/11/2013)

Date: March 11, 2013

Issue: Regulatory Reform 

To: The Honorable Jeb Hensarling and the Honorable Maxine Waters

Filing Type: Congressional 

Description:  CCMC released The Importance of Cost Benefit Analysis to Financial Regulation at an event discussing how cost benefit analysis is not only a legal requirement, but if utilized in an effective manner, produces better, more efficient regulations.

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