Regulations (Preambles to Final Rules) - Table of Contents|
| Record Type:||Reporting of Fatality or Multiple Hospitalization Incidents|
| Title:||Section 4 - IV. Regulatory Impact Assessment|
IV. Regulatory Impact Assessment
The revised regulation, like the present 1904.8, applies to all employers within OSHA's jurisdiction, including general industry, construction, shipyard employment, longshoring, marine terminals, and agriculture.
OSHA has determined that a Regulatory Impact Analysis (RIA) is not required for this regulation because the regulation is not a "significant regulatory action" as defined by E.O. 12866.
Under the Executive Order a significant regulatory action must meet at least one of the following conditions:
(1) Have an annual effect on the economy of $100 million or more or adversely affect in a material way the economy, a sector of the economy, productivity, competition, jobs, the environment, public health or safety, or State, local, or tribal governments or communities;
(2) Create a serious inconsistency or otherwise interfere with an action taken or planned by another agency;
(3) Materially alter the budgetary impact of entitlements, grants, user fees, or loan programs or the rights and obligations of recipients thereof;
(4) Raise novel legal or policy issues arising out of legal mandates, the President's priorities, or the principles set forth in this Executive order.
Based on the paperwork requirements identified below in Section IX, OSHA estimates the total national cost of this revision to the affected employers will be approximately $1500 per annum (i.e. 200 additional reports requiring 15 minutes each multiplied by $30.00 per hour, the cost of a professional to complete the report). At this annual national cost, this regulation does not meet the economic impact criteria of the Executive order, nor does it present issues of the kind described in the remaining criteria. Accordingly, this final rule is exempt from the regulatory impact analysis requirements of Executive Order 12866.
|Regulations (Preambles to Final Rules) - Table of Contents|