Regulatory Impact Analysis (RIA) has been described by the Irish Government as “a tool used to assess the likely affects of a proposed new regulation or regulatory change”. It is designed to clarify relevant factors for decision makers by using a comprehensive and systematic compilation of information. It is intended that this should encourage policymakers to make balanced decisions when they consider legislative action against the wider economic end-distribution of goals.
If done as intended, it will enhance lawmaking in social and economic areas and will augment systems of government, improving the capacity and performance of the public service. RIA will be applied in respect of legislation or regulation that may change or alter the existing regulatory environment.
