Quote:
Originally Posted by olly
Curious as to how the "WH" had the final say in this Rule. Did you read the final ruling, it is very enlightening. http://www.faa.gov/regulations_polic...-FinalRule.pdf
It is spelled out (in 300 some pages) The WH OMB has the responsibility for cost analysis, but the FAA under the DOT has the final decision making authority (what to decide based on the cost analysis..(and industry "comments" i.e. lobbying) of the rulemaking. The report delineates the actions that the opposing lobby presented for the cut-out.
I'm disappointed with the rule, and disagree, but would like to know how the WH "made" the cut out, when the FAA makes the ruling? Read the report..
From the FAA's website:
Executive Order 12866 requires agencies to examine the costs and benefits of both proposed and final regulatory actions. DOT administrations promulgate rules to enhance safety and protect the environment, for which the monetary value of preventing injuries and loss of life must be estimated among the benefits. Administrations also undertake investments and administrative actions that must be evaluated in terms of their safety benefits.
The benefit of preventing a fatality is measured by the Value of a Statistical Life (VSL), defined as the value of improvements in safety that result in a reduction by one in the expected number of fatalities
(current life value is $5.8 million.)
I am not bashing the President (I voted for him, in fact). It is simply politics and $$$. If the OMB (white house) says it is too expensive (cost/benefit), then the FAA (under direction/pressure from the President) will change the regulation. That is the way Washington works.