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Michigan Office of Administrative Hearings and Rules Administrative Rules Division (ARD) 611 W. Ottawa Street Lansing, MI 48909 Phone: 5173358658 Fax: 5173359512REGULATORY IMPACT STATEMENT and COSTBENEFT

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How to fill out regulatory impact statement and

01

Identify the proposed regulation that requires a Regulatory Impact Statement (RIS)

02

Clearly define the problem that the regulation is seeking to address

03

List and evaluate alternative policy options

04

Assess the costs and benefits of each alternative

05

Consult with relevant stakeholders and experts

06

Ensure that the RIS is drafted in a clear and concise manner

Who needs regulatory impact statement and?

01

Government agencies and departments

02

Policy makers

03

Regulatory bodies

04

Public and private sector organizations

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What is regulatory impact statement?

A regulatory impact statement is a document that outlines the potential effects of a proposed regulation on the economy, society, and the environment.

Who is required to file regulatory impact statement?

Government agencies or departments responsible for proposing new regulations are required to file a regulatory impact statement.

How to fill out regulatory impact statement?

The regulatory impact statement is typically filled out by analyzing the potential costs and benefits of the proposed regulation, along with any alternatives.

What is the purpose of regulatory impact statement?

The purpose of a regulatory impact statement is to inform policymakers and the public about the potential consequences of a proposed regulation.

What information must be reported on regulatory impact statement?

The regulatory impact statement must include information on the anticipated economic impact, social impact, environmental impact, and potential alternatives of the proposed regulation.

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