In the past 70 or 80 years, there have been three “waves” of reforms to the process of creating and managing U.S. federal and state regulations. The first wave began in 1946 with the passage of the federal Administrative Procedure Act, after which states went on to pass and formalize their...

Regulatory impact analysis (RIA) is a tool regulators use to help guide them through the decision-making process when promulgating regulations. When used properly, it has the potential to extend thousands of lives, improve quality of life for citizens, and bestow enormous net benefits on the...