AB 1232: Administrative Procedure Act: proposed regulations: cost of living impact on residents of the state.

This bill aims to amend the administrative procedure act to include consideration of the cost of living impacts on residents of the state in the assessment of potential adverse economic impact on California business enterprises and individuals. A state agency proposing to adopt, amend, or repeal a regulation must now assess the potential impact on residents' cost of living, in addition to job creation or elimination. The office of administrative law must conduct an independent analysis into the adequacy of an agency's economic analyses and evaluate the cost of living impacts on residents in the state. If the impact is significant, the office will return the regulation to the adopting agency and establish a methodology and threshold to determine when a cost of living impact becomes significant. The office will also review the regulation's cost of living impact and provide a written decis…