Bill > HB992

This bill mandates that executive branch agencies in Virginia must post all regulations and guidance documents on the Virginia Regulatory Town Hall, a website managed by the Department of Planning and Budget, following specific instructions. Crucially, these postings must now include a "regulatory economic analysis," which is defined as a document prepared by the agency that identifies the problem the regulation or guidance document aims to solve, analyzes alternative solutions, assesses the benefits and costs of each alternative (quantifying them in monetary terms where possible), and evaluates the effects on local governments, families, and small businesses. This requirement aims to increase transparency and ensure a thorough consideration of the economic impact of new rules and guidance.