Getting legal
authority - the lifecycle of a new regulation begins when
congress passes a statute giving the agency power to make rules to
solve certain problems.
Drafting the
proposal - many different people in the agency are likely to
work on drafting the new regulation , including experts on the
topic , economists , and lawyers. While the draft is being worked
on , agency staff often get informal inputs from groups who will be
affected.
predicting likely
effects - the agency must also analyze the new regulation's
likely impact. The agency has to predict the total costs and
benefits of the rule to those who would be directly affected by it
and to the society generally.
Drafting the
explanation - Agency staff drafts a long explanation to go
with the proposed new regulation like what is agency trying to do.,
Etc.