Government agencies require information disclosure in several areas affecting consumers, but often without evaluating its effectiveness. We identify best practices for prospective and retrospective evaluations of mandatory information disclosures.
- Agencies infrequently issue disclosure requirements based on scientifically valid, controlled studies of their effectiveness.
- Case studies of a few instances where such analysis was conducted to evaluate performance provide an identified set of current best practices.
- Reform of the current federal regulatory process to establish and review mandated disclosures would improve the effectiveness of information disclosure.