(2) Commence a review of the actual costs of compliance
with the final-form regulation by the public and private
sectors. The review shall include a solicitation by the
agency of compliance cost data from affected individuals,
businesses, organizations and other persons in the public and
private sectors.
(3) Identify specific outreach, education, training
opportunities and other measures undertaken by the agency to
assist the public and private sectors in their compliance
obligations with the final-form regulation.
(4) Education of the agency's employees to ensure
accurate and consistent implementation of the final-form
regulation.
(b) Within two years of the effective date of a final-form
regulation, an agency shall compile a report outlining its
findings with respect to subsection (a) and submit the report to
the agency's designated standing committees of the Senate and
House of Representatives.
(c) If the actual costs of compliance with the final-form
regulation identified under subsection (a)(2) exceed by 33% or
more the estimated direct and indirect costs of compliance
identified in the applicable regulatory analysis form under
section 5(a)(4), the agency shall immediately commence efforts
to adopt a final-omitted regulation that reduces regulatory
burdens and compliance costs in an amount projected to equal or
exceed the amount of excessive costs of compliance calculated by
the agency. A final-omitted regulation initiated under this
subsection shall be promulgated no later than 180 days after
delivery of the report required under subsection (b).
(d) The provisions of this section shall apply to final-form
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