Free subscription to the Capitol Journal keeps you current on legislative and regulatory news.
Insurance Bill Raises Concerns in FL A fast-moving bill ( SB 1028 ) in Florida, sponsored by Sen. Joe Gruters (R), chairman of the Senate’s Banking and Insurance Committee, would require Citizens...
MS House Passes PBM Reform Bill Mississippi’s House of Representatives passed a bill ( HB 1665 ) that would prohibit pharmacy benefit managers from employing clawbacks when patients’ copayments...
In June, Kansas became the 37th state to offer tax incentives to data centers, underscoring how the massive warehouse-like facilities that support the internet have become a priority for states and state...
States Target Sale of Consumer Geolocation Data Virginia’s Senate Committee on General Laws and Technology advanced a bill ( SB 338 ) that would amend the Virginia Consumer Data Protection Act...
States Easing Up on Certificate of Need Laws Over a dozen states have introduced or are considering legislation this year to scale back their certificate of need (CON) laws requiring healthcare providers...
* The views expressed in externally authored materials linked or published on this site do not necessarily reflect the views of LexisNexis Legal & Professional.
Just as state legislatures vary in their bill passage rates, some state agencies adopt far more of the rules they propose than others. The reasons for that disparity are even more difficult to discern than with the legislative process, but understanding how they shape adoption rate patterns is no less critical for organizations seeking to comply with the regulations or engage in the rulemaking process of any state. That knowledge is the foundation of the analytics tools developed by LexisNexis® State Net® to support legislative and now regulatory forecasting.
Pioneering research by State Net® beginning in the 1980s revealed that in spite of their diversity, legislative passage rates “remain highly consistent from session to session,” varying less than 2% over multiple bienniums. Rigorous tracking of regulatory actions from proposal to adoption over the past four decades has now made it possible for State Net® to document similar historical rule adoption patterns. “Just as we were surprised by the unyielding consistency in legislative passage rates, our analysis of regulatory adoption reveals an equally rigid pattern across agencies and states,” said Crain. “This stability, despite the processes’ diversity, provides a strong foundation for determining the timing and likelihood of rule adoption.
State Net has now built predictive models for every state agency that proposes regulations—8,992 forecasts in all—drawing on key indicator analytics derived from decades of regulatory activity and employing advanced machine learning. The graphic visualizations of these predictive models, along with other indicators, can provide important insights about pending rules, such as their likelihood of adoption or whether consideration is moving faster or slower than usual. By simply using these tools—and the State Net platform’s powerful searching and tracking capabilities across state, federal and local agencies—users gain access to extensive knowledge of regulatory processes, helping them make more informed data-supported decisions.
Download the latest State Net Capitol Journal thought leadership article to learn more.