Aguanomics beat me to it:
from the RESECON listserv:
Clinton's Executive Order 12866 dictates when federal agencies must conduct a cost-benefit analysis and submit it to the Office of Management and Budget for review before a regulation can be issued.
President Obama issued a memo to agency heads on January 30, 2009 directing the OMB Director, in consultation with federal agencies, to produce a set of recommendations within 100 days for a new E.O. on Federal Regulatory Review.
A Federal Register notice published on February 26, 2009 opens the process to comments from the general public.
If you have ever wished you could weigh in on the analysis and review process, here is your opportunity. The comment period closes on March 16, 2006.
View the FR notice and submit (or view others') comments here.
[In case the link doesn't work, from the http://www.regulations.gov page, paste OMB-2009-0008-0001 into the search box and you'll get a link to the correct docket. Also, turn off pop-up blockers.]
