Office of Management and Budget (OMB) Revisions to Circular A-4

The White House OMB released final revisions to Circular A-4, a guidance document for federal agencies conducting economic analyses of regulations.

On November 13, 2023, the White House OMB released final revisions to Circular A-4, a guidance document for federal agencies conducting economic analyses of regulations. (88 Fed. Reg. 77615, Nov. 13, 20223). In the guidance, OMB lowers the discount rate for agency cost-benefit analyses to 2 percent, provides guidance for agencies conducting distributional analyses, and explains situations in which agencies can consider the global effects of their regulations.