Kansas Agribusiness Retailers Association’s (KARA) office near downtown Topeka hosted Governor Dr. Jeff Colyer Saturday afternoon as he inked his signature onto House Bill 2280, which revises the Rules and Regulations Filing Act pertaining to economic impact statements.
The bill requires the economic impact statement to include a description of businesses that would be directly affected, the benefits of the proposed rule and regulation, and measures taken to minimize the impact on businesses and economic development. In addition, if the proposed regulation has an estimated economic impact of $3 million over two years, then the agency must hold a public hearing prior to adoption.
“This bill revises the Rules and Regulations Filing Act pertained in economic impact statements,” Colyer said. “It deletes holding the individual companies responsible and makes it where the state agency budget director performs a real quantified cost-benefit analysis of these regulations. It puts the burden back on the government, rather than the company.”
Prior to signing the bill, Colyer addressed those in attendance before turning over the podium to KARA president and CEO Ron Seeber.
“State and federal regulations carry the full force and effect of law,” Seeber said. “This bill will help to ensure a more open and accurate process in agency rule-making in our state. This is good policy for Kansas Agribusiness and our state as a whole.”
Following Seeber, president and CEO of the Kansas Chamber, Alan Cobb spoke, followed by Lucas Heinen of the Kansas Soybean Association and Representative Ron Highland, who assisted passing the bill in the legislature.