AB 2366: Administrative Procedure Act: proposed regulations: cost-of-living impact on residents of the state.

This bill aims to improve the state government's regulatory process by requiring agencies to consider the cost-of-living impacts on residents when proposing or adopting regulations. Agencies must assess the potential economic impact on California business enterprises and individuals, including the cost-of-living impacts. The bill requires agencies to prepare economic impact assessments and standardized regulatory impact analyses, which must be submitted to the Legislative Analyst's Office. The Office will review these analyses and provide comments, which must be included in the notice of proposed regulations. The bill also requires agencies to notify the Office when contracting for outside services to perform analyses and to submit the standardized analyses to the Office. The bill adds cost-of-living impacts to the standards used by the Office in reviewing proposed regulations, requirin…