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OFFICE OF MANAGEMENT AND BUDGET

Management and Budget Office

NOTICE: NOTICES

ACTION: Reports and guidance documents; availability, etc.:

DOCUMENT ACTION: Notice of availability and request for comments.

SUBJECT CATEGORY: Draft Joint Report on the Review of the Application of European Union and United States Regulatory Impact Assessment Guidelines on the Analysis of Impacts on International Trade and Investment

DATES: To ensure consideration of comments as OMB and the EC prepare the final version of this report, comments must be in writing and received by February 8, 2008.

DOCUMENT SUMMARY: The Office of Management and Budget (OMB) requests comments on the Draft Joint Report on the Review of the Application of European Union (EU) and United States (U.S.) Regulatory Impact Assessment Guidelines on the Analysis of Impacts on International Trade and Investment. The full Draft Report is available at http://www.whitehouse.gov/omb/inforeg/regpol.html#opp. This joint draft report
was prepared by the Secretariat General of the European Commission and the OMB's Office of Information and Regulatory Affairs (OIRA) as part of an ECOMB dialogue on methodological issues for consideration at the November 9th, 2007 meeting in Washington, DC of the U.S.EU Transatlantic Economic Council.

SUMMARY: European Union and United States; regulatory impact assessment guidelines on analysis of impacts on international trade and investment; joint report,

SUPPLEMENTAL INFORMATION

This draft report was prepared by the Secretariat General of the European Commission and the U.S. Office of Management and Budget as part of the dialogue between the European Commission services and the Office of Management and Budget on methodological issues as agreed in the ``Framework for Advancing Transatlantic Economic Integration between the European Union and the United States of America,'' signed at the EUUS summit on 30 April 2007.

It reviews the application of the Office of Management and Budget's Circular A4, regulatory analysis guidance, and the European Commission's Impact Assessment Guidelines, with the goal of ensuring that assessment of future regulations takes due account of their impacts on international trade and investment.

It contains two separate reports on existing methodology and practices on both sides, and suggests possible ways forward in the concluding chapter.
Susan E. Dudley,
Administrator, Office of Information and Regulatory Affairs. [FR Doc. E723856 Filed 12707; 8:45 am]
BILLING CODE 311001P

FOR FURTHER INFORMATION CONTACT Dominic Mancini, Office of Information and Regulatory Affairs, Office of Management and Budget, NEOB, Room 10235, 725 17th Street, NW., Washington, DC 20503. Telephone: (202) 3957316.