Procedural Burden and Patterns in the Monetization of Regulatory Benefits Across the Federal Regulatory State

The dataset \"RIA_DATA_PUBLIC\" contains information on nearly all major rules and their respective regulatory impact assessments (RIAs) between 1996–2016 (n = 713). This dataset was compiled based on two sources of data. First, it combines the appendix tables “Summary of Agency Estimates for Final Rules” in OIRA’s annual reports to Congress for each year between 1997–2017—excluding 1999 due to data availability limitations. These tables list all major regulations from the previous year, the issuing agency’s estimates of respective cost and benefits, and an “other information” column with supplemental details that OIRA deems relevant. Second, this dataset links the information found in the OIRA Report Appendices with information from federalregister.gov for each of these regulations. This includes the URL for the final regulation, the “List of Subjects” from the text of each of these respective regulations, and the Document Citation (FR Cite) when available. The author then coded whether each regulation was a transfer regulation, and whether–according to OIRA–the respective RIA monetized any regulatory benefits. The dataset “SubjectTags_Monetization_PermutationTest” transforms the data from “RIA_DATA_PUBLIC” to list the total number of regulations tagged with each subject tag, based on the “List of Subjects,” that monetized or did not monetize the value of regulatory benefits in their respective RIA. This file also includes the results of a permutation test that supports identifying all subject tags associated with non-monetization and monetization of regulatory benefits, respectively, across the dataset of federal agencies’ RIAs at a high degree of statistical confidence.