Agencies must conduct a Standardized Regulatory Impact Assessment (SRIA) when it estimates that a proposed regulation has an economic impact exceeding $50 million. GO-Biz provides comment to the California Department of Finance on all Major Regulation SRIA documents and analyses.
Senate Bill 617 (Chapter 496, Statutes of
2011) established additional regulatory impact assessment standards for
major regulations. State The Department of Finance has adopted regulations
for state agencies to follow when conducting a SRIA for major regulations.
Finance is required to review the completed SRIA submitted by agencies and
provide comment(s) to the agency on the extent to which the assessment adheres
to the regulations adopted by Finance. For more information regarding these
regulations or completing a SRIA contact the
Department of Finance.
For information about Major Regulations, please contact us at MajorRegulations@gobiz.ca.gov.