Regulatory Impact Assessments Bill

This bill establishes or strengthens requirements for Regulatory Impact Assessments (RIAs) before the government introduces new regulations. RIAs are formal analyses that measure potential costs, benefits, and effects of proposed rules on businesses, public services, and citizens. The bill likely mandates that departments conduct thorough assessments, publish findings transparently, and potentially face scrutiny if evidence suggests a regulation will cause disproportionate harm. This aims to ensure regulations are evidencebased and justified rather than imposed without understanding their realworld consequences.