The OMB and the budget agency shall review a regulatory analysis and proposed rule submitted by an agency under IC 4-22-2-22.8 . In reviewing a regulatory analysis and proposed rule under this section, the OMB shall consider in its analysis any verified data provided voluntarily by interested parties, regulated persons, and nonprofit corporations whose members may be affected by the proposed rule. A regulatory analysis reviewed under this section is a public document, subject to the following:

1. (1) This section does not empower the OMB or an agency to require an interested party or a regulated person to provide any materials, documents, or other information. If an interested party or a regulated person voluntarily provides materials, documents, or other information to the OMB or an agency, the OMB or the agency, as applicable, shall ensure the adequate protection of any:

   1. (A) information that is confidential under IC 5-14-3-4 ; or
   2. (B) confidential and proprietary business plans and other confidential information.
2. (2) If an agency has adopted rules to implement IC 5-14-3-4 , interested parties and regulated persons must submit the information in accordance with the confidentiality rules adopted by the agency to ensure proper processing of confidentiality claims. The OMB and any agency involved in proposing the rule, or in administering the rule upon the rule's adoption, shall exercise all necessary caution to avoid disclosure of any confidential information supplied to the OMB or the agency by an interested party or a regulated person.

As added by P.L.246-2005, SEC.38. Amended by P.L.131-2012, SEC.1; P.L.53-2014, SEC.49; P.L.5-2015, SEC.3; P.L.249-2023, SEC.3.