House Passes Stringent Cost-Benefit Bill

SAN FRANCISCO - On February 28 the U.S. House of Representatives voted 286 to 141 for a bill that will slow passage of new health, safety and environmental regulations to a crawl. Under the House cost-benefit bill, any regulation that costs the economy more than $25 million must be analyzed and cost-benefit analyses of regulations that cost the economy more than $100 million must undergo formal peer review.Another interesting aspect of the bill is that it requires the health or safety risks a regulati