By expressly reaffirming the EOs issued by Presidents Obama (EO 13,563) and Clinton (EO 12,866) which built on the earlier EOs issued by Presidents Reagan (EO 12,291) and Carter (EO 12,044), President Biden's EO 14,094 bolsters the bipartisan consensus in favor of both centralized presidential review of regulation (via OIRA) and the use of BCA to compare policy options.[2] Important steps over time include the creation of OIRA during the Carter Administration in 1980; the Reagan order giving OIRA its oversight authority; the Clinton order maintaining the approach while moving BCA from "outweigh" to "justify", and highlighting distributional impacts and transparency; the George W. Bush Administration issuing prompt letters and Circular A-4; and the Obama Administration emphasizing dignity and retrospective review. [5] Likewise, former George W. Bush Administration OIRA head Susan Dudley and former EPA policy official Brian Mannix write that, "[i]n principle, a benefit-cost analysis should be "complete". (The Trump Administration sought a form of cost-cost regulatory budget analysis in EO 13,771, which President Biden rescinded on his first day.[3]) Biden has now moved to reinvigorate and "modernize" presidential regulatory review via OIRA, using improved BCA. After issuing a memorandum on "Modernizing Regulatory Review" on his first day in office in 2021, President Biden issued an executive order (EO) on April 6, 2023, calling for further steps by federal regulatory agencies and the Office of Information and Regulatory Affairs (OIRA) within the Office of Management and Budget (OMB). [Extracted from the article]