29 CFR § 1695.3 - Good faith cost estimates.

---
identifier: "/us/cfr/t29/s1695.3"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "29 CFR § 1695.3 - Good faith cost estimates."
title_number: 29
title_name: "Labor"
section_number: "1695.3"
section_name: "Good faith cost estimates."
chapter_name: "EQUAL EMPLOYMENT OPPORTUNITY COMMISSION"
part_number: "1695"
part_name: "GUIDANCE PROCEDURES"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "5 U.S.C. 553, 42 U.S.C. 2000e-12, 29 U.S.C. 201  29 U.S.C. 628, 42 U.S.C. 12116, 42 U.S.C. 2000ff-10; E.O. 13891, 84 FR 55235; OMB Memorandum M-20-02."
regulatory_source: "85 FR 69170, Nov. 2, 2020, unless otherwise noted."
cfr_part: "1695"
---


# 1695.3 Good faith cost estimates.

(a) A good faith effort shall be made, to the extent practicable, to estimate the likely economic cost impact of the guidance document to determine whether the document might be significant. It may, however, be difficult to predict with precision the economic impact of voluntary guidance.

(b) When determining the likely economic cost impact, the same level of analysis should be given as that required for a major determination under the Congressional Review Act (5 U.S.C. 801 *et seq.*) and the economic impact on small entities under the Regulatory Flexibility Act (5 U.S.C. 601 *et seq.*).