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
Permanently in Recovery
Washington state has made some significant strides in reforming its environmental permitting processes through its Permit Timelinesss initiative. The Governor’s Office for Regulatory Innovation and…
Ten Thousand Commandments 2024
The hidden tax of regulation has proved appealing to lawmakers who feel the pressure of a national debt topping $34 trillion. Off-budget regulations requiring private…
Congress, Not Agencies, Should Answer Major Policy Questions
Many of the biggest policy decisions affecting the lives of Americans are made by federal agencies, not Congress. During the Biden administration, this has included…
Blog
The ‘Carbon’ Futures Trading Commission vows to decarbonize futures trading
The Commodity Futures Trading Commission (CFTC) recently approved one of its most controversial guidance document to date. Under this new policy, the CFTC will…
Republicans should wait for real permitting reform in the new Congress
The 2024 election has dramatically shifted the political landscape, with Republicans securing control of both chambers of Congress and the White House. As Washington prepares…
Consumers benefit from access to Buy Now, Pay Later options
In a rapidly evolving retail landscape, with more and more commerce moving online, there has been a rise of financial technology (or fintech) tools. These…
News
Inflation slightly higher in October, credibility remains a stubborn obstacle: CEI analysis
The latest Consumer Price Index report shows inflation increased from 2.4 percent in September to 2.6 percent in October. While economic growth and the…
Fed cuts interest rates and continues to decrease balance sheet: CEI analysis
The Federal Reserve has cut interest rates by a predicted 25 basis points and also announced that it will continue to decrease its balance…
Boeing machinists strike ends, but union should face financial reality
The International Association of Machinists and Aerospace workers in Seattle have ended their strike, as members approved a company pay raise offer. CEI labor policy…
Op-Eds
Forbes
Darklore Depository 2024: A Halloween Inventory Of Federal Agency Guidance Documents
The U.S. Code archives federal laws. The 186,000-page Code of Federal Regulations is where rules from the daily Federal Register are embalmed. As spirits would have it,…
National Review
How to Cool Down Labor Unrest at the Ports
The International Longshoremen’s Association (ILA) almost brought parts of the U.S. economy to a halt in early October when it briefly went on strike at East Coast and Gulf…
Forbes
Exposing Loopholes: How Federal Regulatory Oversight Laws Are Being Ignored
Passing new laws to reform and streamline the administrative state is important, and reformers consistently call for such oversight. But just as critical is ensuring that…
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
Dan Greenberg
General Counsel
- CEI Litigation
- Legal Studies
- Property Rights
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
Senior Fellow
- Deregulation
- Energy and Environment
- Innovation
Patricia Patnode
Research Fellow
- Banking and Finance
- Consumer Freedom
- Deregulation