Provides for the detailing of the benefits and costs of proposed rules in the regulatory impact statements to ensure proper disclosure to the public of such information.

New York Assembly Bill A00243, introduced by Assemblyman William Magnarelli, aims to enhance transparency in the rule-making process. It mandates that regulatory impact statements for proposed rules include detailed analyses of both the benefits and costs associated with the rules. This ensures that the public receives comprehensive information about the potential impacts of new regulations.

Supporters of the bill argue that it promotes government transparency and accountability. By requiring a thorough cost-benefit analysis in regulatory impact statements, the bill enables the public to better understand the implications of proposed regulations. This informed approach is seen as a step toward more effective and efficient governance.

Critics express concerns that the bill could impose additional administrative burdens on agencies, potentially slowing down the rule-making process. They worry that the requirement for detailed cost-benefit analyses might lead to delays in implementing necessary regulations, which could have adverse effects on timely policy responses.