The Partnership joined Orange County Business Council in a coalition letter supporting AB 2893, which will improve the Standardized Regulatory Impact Assessment (SRIA) so that state agencies include the Department of Finance’s comments on all analysis of major regulations. The SRIA directs agencies to conduct a robust cost-benefit analysis based on a major regulation’s potential to add or eliminate jobs and businesses, create competitive advantages or disadvantages for businesses, increase or decrease investment, establish incentives for innovation and provide benefits for health, safety, and welfare of Californians.

However, the SRIA currently does not require agencies to follow best practices. AB 2893 allows for more accountability and transparency for agencies to act on the given analysis and recommendations.