BADM 2003W Lecture Notes - Lecture 11: Congressional Review Act, Clean Power Plan, Pareto Efficiency
4 Apr 2016
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Gop and trump regarding china"s admission to the wto. Managed by congress especially in terms of money and renewal. Cost of changes in regards to certain rules. Regulatory review takes time often a long time. Cutting a year from user fees to speed drug approval saved loves. Deferring investment returns reduces net present value of investment. Cutting a year from drug approval process raises npv of new chemical entities by 73% Kids can"t sit in the front seat due to airbags. Omb can return rules, but rarely does (none in 2013) More often, work out differences with the agency. Needed for all rules over mil. Congress never votes on the vast majority of rule. Expedited consideration of a resolution of disapproval. Recently uses to force votes on regulatory issue. Only successful use was osha ergonomics rule. Have their own perspective about certain ideas. Can differ from the leadership"s (career staffers) Thinking systematically about the pros and cons.
