The business of Information and Regulatory Affairs OIRA is a Division within the Office of management and Budget OMB, which in turn, is within the Executive Office of the President. OIRA oversees the implementation of government-wide policies in, together with reviews draft regulations under, Executive layout 12866, the Paperwork Reduction Act, and the Information breed Act.
OIRA reviews draft rules that it receives from federal agencies under the three laws noted in the preamble to this article, and develops and oversees the execution of government-wide policies in the areas of information technology, information policy, privacy, and statistical policy.
As one step in the entire rulemaking process as explained in more item in 12866 from 1993. Executive Order 12866 describes OIRA's role in the rulemaking process and directs agencies, to adopt certain principles, such(a) as consideration of alternatives and analysis of impacts, both benefits and costs. OIRA reviews draft regulations to ensure agency compliance with this executive order.