What must all administrative rules undergo in the comprehensive review mandated by the executive order?

The requirement for administrative rules to undergo a cost-benefit analysis as part of a comprehensive review mandated by the executive order is rooted in the principle of ensuring that regulations achieve their intended outcomes without imposing unnecessary burdens. A cost-benefit analysis provides a structured approach to assess the anticipated benefits of a regulation against its expected costs. This evaluation helps determine whether the benefits justify the costs and informs policymakers if the rule is effective and efficient in achieving its goals.

By conducting a cost-benefit analysis, agencies can make informed decisions about the necessity and implications of regulatory requirements. It encourages transparency and accountability in government regulation, ensuring that resources are allocated wisely and that regulations align with the public interest.

While considerations like effectiveness evaluations, compliance checks, and stakeholder consultations may also play significant roles in the review process, the core focus of the comprehensive review is to assess economic impacts through cost-benefit analysis. This ensures that regulations are not only effective in achieving policy objectives but also sustainable and reasonable for those affected.