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***Draft, Deliberative, Do Not Cite, Quote, or Release During OMB Review. Interagency Working Comments on Draft Language under 12866 Interagency Review. Subject to Further Policy Review*** 656050PENVIRONMENTAL
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OMB's role in reviews involves overseeing the regulatory processes and ensuring that federal agencies adhere to guidelines when formulating new regulations and policies.
Federal agencies and departments are required to file when conducting reviews that involve significant regulatory changes or proposals.
To fill out OMB's role in reviews, agencies must complete the required forms and provide detailed explanations of the proposed actions, including potential impacts and justifications.
The purpose of OMB's role in reviews is to evaluate the necessity, effectiveness, and economic impact of proposed regulations and ensure they align with the administration's policies.
Agencies must report information such as the purpose of the regulation, the expected economic effects, and data supporting the regulatory action.
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