Create the Legislative Economic Analysis Unit and the Chief Economist

LB 366 creates a Legislative Economic Analysis Unit within Nebraska's Legislature and appoints a Chief Economist to provide independent economic reviews of state regulations. The unit must determine if agency rules are "major" (affecting $1 million+ economy over five years or competition/employment) and conduct cost-benefit analyses for these rules, including direct costs, revenue impacts, and opportunity costs. State agencies must submit proposed rules for this review, and major rules cannot take effect without 60 days of legislative consideration. The bill directly affects state agencies that draft regulations and gives lawmakers detailed economic data to inform their decisions.