President Biden’s Executive Order “Modernizing Regulatory Review” introduces significant changes in how the Office of Information and Regulatory Affairs (OIRA) defines the economic significance of rules and approaches public engagement. Research Professor Bridget Dooling and Senior Policy Analyst Mark Febrizio consider the proposed updates in the order and how it may impact centralized regulatory review in the executive branch agencies. For additional coverage, visit Parsing the Proposals for Modernizing Review.