2. Review new reporting requirements for management impact, and include a sunset provision. (3) The growth of new reporting requirements also must be controlled. Congress should assess the management implications, particularly the cost, of each newly proposed reporting requirement. The cost of requiring new information from the agencies should be compared with the ensuing benefit. Congress and OMB should jointly develop standards for Congress to apply when performing cost/benefit analyses on newly proposed reporting requirements. Congress should report in committee the cost/benefit comparison for each proposed reporting requirement before its enactment. In addition, Congress should include a sunset provision requiring congressional reassessment of each newly adopted reporting requirement at least every two to four years. The sunset provision would ensure that the information requested still merits the cost of preparing and analyzing the report. Sunset provisions ensure that the burdens of congressionally mandated reports are controlled. NPR's Improving Financial Management report proposes related measures with respect to federal financial reporting requirements. Specifically, that report proposes that the appropriate congressional committees subject future financial reporting requirements to a cost/benefit analysis.
You can attach your comments to this document. If you enter your email address in the empty box below and click on the submit button, you will receive via email a form that allows you to link your views to the NPR hypertext.
Subscribe Unsubscribe No Action