HB 2543 West Virginia House of Delegates · 2025 Regular Session

Requiring economic impact statements for certain legislative rules

HB 2543 requires state agencies to prepare and submit detailed economic impact statements for certain proposed legislative rules before they are finalized. These statements must analyze potential costs to the public, including regulatory expenses, effects on business competitiveness, job creation, private investment, and economic growth. The bill applies specifically to "legislative rules" (rules that have legal force, impose liability, or grant/deny specific benefits), excluding interpretive or exempt rules. This change aims to provide transparency about the economic consequences of new regulations before they take effect.

Bill status in committee 1 of 4 stages cleared

Introduction

Feb 2025

Committee Review

Floor Vote

Governor

Introduced Feb 18, 2025 Last action Mar 27, 2025

Maddy AI version diff · 1 comparison

What changed between versions

Introduced Version → Committee Substitute · 4 edits

MODERATE

The bill was amended to replace the term 'economic impact statement' with 'statement of the economic impact' and to reorganize the submission requirements for legislative rules. The changes clarify that agencies must provide a detailed statement of economic impact when submitting rules to the Legislative Rule-Making Review Committee, ensuring the committee can better assess how proposed rules affect the state and its residents.

Scope change

The bill's scope remains focused on the submission and review of legislative rules, but the terminology and structure of the required economic impact analysis were modified for clarity.

DEFINITION

The term 'economic impact statement' was changed to 'statement of the economic impact' to better describe the required analysis.

REQUIREMENT

The submission requirements for legislative rules were reorganized and expanded to include specific details about economic impact, such as regulatory costs, business competitiveness, job creation, investment, and economic growth.

The Legislative Rule-Making Review Committee's review process was updated to include a specific determination of whether a proposed rule would have an economic impact on the state or its residents.

The committee's reporting requirements were clarified to include identifying any agency failures to comply with submission requirements and providing reasons for recommendations to reject or amend rules.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Mar 27, 2025

Committee

To House Finance

lower

Mar 27, 2025

Lower · Passed

By substitute, do pass, but first to Finance

lower

Mar 4, 2025

Committee

To House Government Organization

lower

Feb 18, 2025

Committee

To House Government Adminstration

lower

Feb 18, 2025

Committee

To House Government Organization

lower

Feb 18, 2025

Introduced

Introduced in House

lower

Feb 18, 2025

Committee

To Government Organization then Finance

lower

1 primary · 9 co-sponsors