Congress should do cost-benefit analyses before considering legislation that would regulate businesses, according to the Committee for Economic Development.

In a report released Wednesday, the New York-based group of academics and business leaders said cost-benefit analyses-which could be done by the Congressional Budget Office or a newly created government agency-would reduce regulatory costs while increasing the effectiveness of consumer protection and environmental laws.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.