Overview

This bill mandates the publication of Regulatory Impact Assessments (RIAs) for all new government legislation (primary and secondary). Failure to comply results in mandatory statements to Parliament until an RIA is provided.

Description

This bill requires the government to publish a Regulatory Impact Assessment (RIA) for all new laws. These RIAs must:

• Assess whether the benefits of a new law outweigh the costs and burdens it creates.
• Comply with guidance from an independent body (appointed under the Small Business, Enterprise and Employment Act 2015).

The bill specifies that the RIA must be submitted to Parliament:

• Before a bill is introduced (for primary legislation).
• Before a statutory instrument is laid before Parliament (for secondary legislation).

If the government fails to publish an RIA on time, the responsible minister must make regular statements to Parliament until it is submitted.

Government Spending

The bill itself doesn't directly involve government spending. However, producing RIAs will require government resources (staff time, research etc.). The exact cost isn't specified in the bill.

Groups Affected

This bill will affect:

• Government departments: They will need to produce and submit RIAs for all new legislation, adding to their workload and potentially requiring additional staffing.
• Parliamentarians: They will receive and review the RIAs, influencing their legislative decisions.
• Businesses and individuals: The quality of the RIAs could improve understanding of the likely effects of new regulations, impacting their planning and compliance.
• The public: Increased transparency regarding the costs and benefits of new regulations may improve public understanding and confidence in the legislative process.

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