Administrative regulations: economic impact analysis and standardized regulatory impact assessments: State Air Resources Board.
What changed between versions
New requirement that CARB include a distributional analysis in either its economic impact assessment or standardized regulatory impact assessment, breaking down costs, benefits, and net impacts on personal income across five categories: below 138% of federal poverty level, below inflation-adjusted California median income, below $100,000 annually, above $100,000 annually, and individuals in disadvantaged communities.
New requirement for an informative digest at the beginning of the economic impact assessment, written so the general public can understand how the regulation affects different income levels and disadvantaged communities. The digest must include a summary of the distributional analysis and must consider the impact on energy, gas, and utility prices.
Coauthors expanded: Senators Dahle and Strickland added to Senate coauthors; Assembly Members Hadwick, Lackey, and Patterson added to Assembly coauthors, indicating broader legislative support for the bill.