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• W3125604608 abstract "INTRODUCTION The corporate accounting scandals of early twenty-first century are stark reminders that the map is not territory. (1) In accounting scandals, stock valuations dropped when investors lost confidence in corporate earnings reports giving a true picture of actual financial territories they purported to map. Currently, White House Office of Management and Budget (OMB) is putting final touches on a new system of regulatory accounting, a system designed to account for used by federal agencies in their administrative missions. In light of corporate accounting scandals, both timing and shape of new system of accounting for are remarkable. It is as if nothing has been learned. To be sure, OMB's program is sometimes explained simply as an attempt to improve accuracy of regulatory science. But there are also reasons for concern that OMB's new programs could be used to skew system by which regulatory is generated in first place. Worse, if abused, new program could undermine precisely type of independence in research that is currently seen as necessary corrective policy on corporate accounting side. Just when investment research department research departments are being insulated from undue influence, new accounting for is actually magnifying influence, corporations can have on what tells us about state of world. After detailing legislative contours of OMB's new powers, including scant record of Congress's delibration over them, this Article analyzes their potential impact--both on legal regimes affecting regulatory decision-making and, perhaps more fundamentally, on institution of independent scientific research itself. In Part II, this Article identifies within OMB's programs expanded boundaries of a new, subterranean battleground in administrative law, one in which scent of future regulation is caught by stakeholders who then battle to shape scientific facts on which future regulation may be based. The result in administrative law terms is something akin to hard-look review taken across dimension of time and space. Now, in name of ensuring a very hard look indeed is applied almost at moment of regulatory conception, when first factual glimmerings of problems in real world begin to be discerned by scientists. If a new term must be coined for this development, perhaps it should be known as withering-look doctrine. So it is that William Kovacs, a vice president of U.S. Chamber of Commerce, predicts that OMB's new programs will have most profound impact on federal regulations since Administrative Procedure Act was enacted in 1946 ... by ensuring that [the Environmental Protection Agency] uses better science, and by giving industry additional grounds to sue. (2) In Part III, this Article discusses danger to itself. To be clear, danger is not simply a heightening of contest over what constitutes science that has become such a fixture in health, safety, and environmental rulemaking. Rather, danger involves a radical new level of disputation, in which warring stakeholders can reach back up scientific pipeline to federally supported research laboratories and exert a distorting influence on what is generated in first place and on what citizens can be told by agencies about range of scientific opinion on matters of political concern. At its worst, new program could support an official truth squad of political appointees at OMB to ensure that all is good and a cadre of stakeholder vigilantes with ability to harass scientific researchers who have produced results with which they disagree. It is little wonder then, that in contrast to virtual absence of congressional deliberation, implementation of OMB's new programs has been opposed at various points by American Association for Advancement of Science, (3) National Academy of Sciences, (4) National Institutes of Health, (5) Council on Undergraduate Research, (6) and Association of American Universities. …" @default.
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• W3125604608 date "2003-09-22" @default.
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• W3125604608 title "Accounting for Science: The Independence of Public Research in the New, Subterranean Administrative Law" @default.
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