; (B) create a serious inconsistency or otherwise interfere with an action taken or planned by another agency; (C) materially alter the budgetary impact of entitlements, grants, user fees, or loan programs or the rights and obligation of recipients thereof; (D) add to the national debt; or (E) raise novel legal or policy issues arising out of legal mandates, the President's priorities, or the principles set forth in this Act. 3. Agency requirements (a) Federal regulatory system The Federal regulatory system shall— (1) protect the public health, welfare, safety, and the environment of the United States, especially those promoting economic growth, innovation, competitiveness, and job creation; (2) be based on the best available science and information; (3) allow for public participation and an open exchange of ideas; (4) promote predictability and reduce uncertainty, including adherence to a clearly articulated timeline for the release of regulatory documents at all stages of the regulatory process; (5) identify and use the best, most innovative, and least burdensome tools for achieving regulatory ends; (6) take into account benefits and costs, both quantitative and qualitative; (7) ensure that regulations are accessible, consistent, written in plain language, and easy to understand; and (8) measure, and seek to improve, the actual results of regulatory requirements. (b) Requirements Each agency shall— (1) propose or adopt a regulation only upon a reasoned determination that the benefits of the regulation justify the costs of the regulation to the extent permitted by law; (2) tailor regulations of the agency to impose the least burden on society, consistent with obtaining regulatory objectives, taking into account, among other things, the costs of cumulative regulations; (3) in choosing among alternative regulatory approaches, select those approaches that maximize net benefits, including potential economic, environmental, public health and safety, and other advantages, distributive impacts, and equity