Explainer Episode 54 – Examining the Biden Administration’s Proposed Changes to Cost-Benefit Analysis

On April 6, 2023, the Biden Administration announced two new efforts to “modernize regulatory review” – the first through the signing of Executive Order 14094 and the second through proposing revisions to OMB’s Circular A-4, the government-wide guidance on regulatory analysis. Public comments on the proposed revision of Circular A-4 are due by June 6, 2023.

In this Explainer podcast, Howard Beales, Karen Harned, and Paul Ray discuss the new developments around how the Biden Administration and federal agencies will approach cost-benefit analysis. They explore the importance of long-standing regulatory review processes, concerns around the potential politicization of cost-benefit analysis, changes to the threshold for OIRA to review regulations, and how these developments may ultimately affect the American people.

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Howard Beales

Professor Emeritus of Strategic Management and Public Policy

School of Business, The George Washington University

Hon. Paul Ray

Director, Thomas A. Roe Institute for Economic Policy Studies

The Heritage Foundation

Karen Harned


Harned Strategies LLC

Regulatory Process

The Federalist Society and Regulatory Transparency Project take no position on particular legal or public policy matters. All expressions of opinion are those of the speaker(s). To join the debate, please email us at [email protected].

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