The primary focus of the Competitive Enterprise Institute since its founding in 1984 has been to promote deregulation. Government regulation of the economy blocks innovation and wealth creation. It also encourages damaging behavior such as rent-seeking and cronyism. Finally, it crowds out more effective forms of regulation such as market discipline.
The beneficial effects of deregulation were plain in the airline and freight rail industries. Deregulation begun in the Carter administration led to more flights at lower cost and to better rail infrastructure and much lower shipping costs. Yet, since the 1990s, successive administrations of different political stripes have piled on regulations, burdening the economy needlessly. We chart this problem every year in our Ten Thousand Commandments report.
The power of regulators now raises constitutional concerns. Regulators are often unaccountable, and their insulation from the checks and balances of the constitutional system suggests that they may in effect form a fourth branch of government. The use of guidance documents to avoid rulemaking procedures, for instance, can amount to government by decree. Deregulation is therefore essential to restore good constitutional order.
CEI advocates for both overall regulatory reform – changing the ways in which rules are made to make them more transparent and easier to remove – and for specific regulatory changes. Recent successes include recognition of our concerns in Executive Orders promoting deregulation and curtailing the use of guidance, and in the reflection of our comments in rules promulgated by agencies such as the Department of Labor and the Consumer Financial Protection Bureau.
Deregulation Issue Areas
Featured Posts
Allies
Antitrust and the Federal Trade Commission in 2023
Excerpt from Mark Jamison’s piece, Antitrust and the Federal Trade Commission in 2023 in the Washington Examiner. “Generally, Republicans have a limited appetite for…
Study
Terrible Tech Bills from the 117th Congress
Congress is considering an onslaught of legislation targeting the largest tech platforms in the U.S., addressing topics such as mobile apps, advertising, merger review,…
Blog
This Week in Ridiculous Regulations
The big news is that the Food and Drug Administration is poised to follow several other countries’ lead in approving one or more coronavirus vaccines.
Studies
Frack to the Future
Introduction North Dakota is typically known for the Badlands, agriculture, Fargo (thanks, Coen brothers), cold weather, and its flat landscape. Yet, due to technological advancements…
‘Contradictory to Our Country’s Laws’
Introduction In the first days of the second Trump administration, elusive aspirations of confining agencies of the federal government to their legitimate functions suddenly seemed…
Corporate Social Irresponsibility
Executive summary State and municipal governments across America are engaged in a massive transfer of public resources to private corporate interests in the name of…
Blog
AGOA renewal should hold South Africa accountable
Free traders scored a victory in Congress this week when the House Ways and Means Committee passed the AGOA Extension Act. The legislation, sponsored…
Free the Economy podcast: The business of America with Neil Bradley
In this week’s episode we cover the economic effects of net-zero policies in blue states and Europe, top targets for environmental…
Debanking flows downhill from progressive policymakers
The US Office of the Comptroller of the Currency (OCC), a leading federal financial regulator, has released preliminary findings from its review of debanking…
News
Fed cuts interest rates in December meeting: CEI analysis
The Federal Reserve today cut interest rates by 0.25 percentage points, a sign the board is wrangling with tradeoffs, say CEI economy experts. Ryan Young,…
CEI supports SCORE Act protecting college athletes’ right to profit
The Competitive Enterprise Institute endorses the Student Compensation and Opportunity through Rights and Endorsements (SCORE) Act sponsored by Rep. Gus Bilirakis (R-Fla.), which would ensure…
US economy adds 119,000 jobs in September amid tariff turmoil
American employers added 119,000 jobs in September, the government reported today in the first jobs report since the weeks long federal government shutdown. CEI experts…
Op-Eds
DC Journal
Public Interest Requires the FCC to Abolish the News Distortion Standard
For decades, the Federal Communications Commission has invoked the public interest to regulate the speech of television and radio stations licensed by the agency. Television…
Law & Liberty
America’s Hidden Judiciary
Unbeknownst to most Americans, federal regulatory agencies have their own court system for adjudicating disputes that businesses and citizens have with regulators. These agencies rely…
The Dispatch
Antitrust Law Has Never Been Static
Last week a federal judge ruled that Meta was not an illegal monopoly, citing the changes in the social media landscape since the company bought…
Staff & Scholars
Kent Lassman
President and CEO
- Capitalism
- Deregulation
- Innovation
Clyde Wayne Crews
Fred L. Smith Fellow in Regulatory Studies
- Business and Government
- Consumer Freedom
- Deregulation
Ryan Young
Senior Economist
- Antitrust
- Business and Government
- Regulatory Reform
Iain Murray
Vice President for Strategy and Senior Fellow
- Banking and Finance
- Trade and International
Devin Watkins
Attorney
- CEI Litigation
- Government Transparency
- Legal Studies
David S. McFadden
Attorney
- Law and Litigation
- Legal Studies
Marlo Lewis, Jr.
Senior Fellow
- Climate
- Energy
- Energy and Environment
James Broughel
Adjunct Fellow
- Deregulation
- Energy and Environment
- Innovation
Patricia Patnode
Research Fellow
- Banking and Finance
- Consumer Freedom
- Deregulation