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OIRA |
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To help address the controversy that still simmers over how, or whether, to assign a specific value to effects such as degraded human health, OIRA and several federal agencies asked a committee of the National Academies' Institute of Medicine (IOM) to weigh in with guidance on one type of cost-benefit analysis, called cost-effectiveness analysis (CEA), which can include calculations of the dollar value of human life and which was included in Circular A-4. In addition to tracking burden hours for the 2004 fiscal year, the OIRA report addresses the relationship of paperwork burden to statutory requirements and discretionary burden; achieving zero violations of the PRA; the impact of e-government initiatives on the paperwork burden; reducing the burden for small business and assisting with PRA compliance; and agency initiatives to reduce the paperwork burden. OIRA is supposed to review economic analyses that agencies are required to prepare indicating that they have regulated in the most cost-effective manner. |
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