What’s hampering innovation?
The WHIR discusses regulation approval processes with Wayne Crews.
Wayne Crews of the Competitive Enterprise Institute took the first position. He feels that there is a need to recognize that the regulatory side of what comes out of Washington deserves the same amount of scrutiny as the taxing and spending side does. He would like to require Congressional approval of “major regulations” including net neutrality, or impose a freeze on regulation altogether. He stated that there are over 4,000 rules coming out each year. These rules push over half the federal budget each year. If Congress were required to approve “major” regulations, say those involving an expense of $100 million or more. His view is that only about 100 rules would be affected by that.
Read the full article at the WHIR