From: Lexology
Matthew J. Clark and Lisa Ellman |Hogan Lovells
In a major new development, the FAA has sent the Small UAS NPRM to the White House for a final interagency review. This means that a final small UAS rule is coming soon – and that NOW is the last opportunity to influence the rule before it is released.
Before any significant regulatory action takes effect, it first must go through a review process at the Office of Information and Regulatory Affairs (OIRA) at the White House. OIRA is located within the Office of Management and Budget (OMB) within the Executive Office of the President. It is commonly said that OIRA is the most important agency in Washington, DC that nobody has heard of. OIRA reviews draft regulations before they are implemented and reviews and evaluates cost/benefit analyses to determine whether the benefits of a rule would justify the costs.