President Biden Issues Executive Order 14904

On April 6, 2023, President Biden issued Executive Order 14094 (Modernizing Regulatory Review), requiring OMB to provide guidance for federal agencies on economic analyses.

On April 6, 2023, President Biden issued Executive Order 14094 (Modernizing Regulatory Review), requiring the Office of Management and Budget to provide guidance for federal agencies on economic analyses. This guidance was provided on November 13, 2023, where OMB provided final revisions to Circular A-4, a guidance document for federal agencies conducting economic analyses of regulations. (88 Fed. Reg. 77615, Nov. 13, 2023).