Socio-Economic Impact Analysis of New AECB Regulatfons

Abstract

The federal government's Socio-Economic Impact Analysis (SEIA) policy has been in effect since The purpose of the SEIA policy is 1978. Under this policy, all new or amended regulations concerning health, safety, or fairness are subjected to a screening exercise which determines whether the regulations are "major" or "minor." The costs and benefits of major regulations are analyzed in depth. This paper describes the SEIA policy and explains some of the basic concepts. Then the steps the Atomic Energy Control Board (AECB) follows in the analysis of new regulations are summarized. Finally, the AECB's past and forthcoming experience with the SEIA policy is discussed.