2 U.S. Code § 1551

2 U.S. Code § 1551 is about Baseline study of costs and benefits. It is under Subchapter III (Review of Federal Mandates) of Chapter 25 (Unfunded Mandates Reform) of Title 2 (The Congress) of the Code.

(a) In general
No later than 18 months after March 22, 1995, the Advisory Commission on Intergovernmental Relations (hereafter in this subchapter referred to as the “Advisory Commission”), in consultation with the Director, shall complete a study to examine the measurement and definition issues involved in calculating the total costs and benefits to State, local, and tribal governments of compliance with Federal law.

(b) Considerations
The study required by this section shall consider—
(1)the feasibility of measuring indirect costs and benefits as well as direct costs and benefits of the Federal, State, local, and tribal relationship; and
(2)how to measure both the direct and indirect benefits of Federal financial assistance and tax benefits to State, local, and tribal governments.