There are two main areas in which Congress can enact meaningful reform. The first is to rein in regulatory guidance documents, which we refer to as “regulatory dark matter,” whereby agencies regulate through Federal Register notices, guidance documents, and other means outside standard rulemaking procedure. The second is to enact a series of reforms to increase agency transparency and accountability of all regulation and guidance. These include annual regulatory report cards for rulemaking agencies and regulatory cost estimates from the Office of Management and Budget for more than just a small subset of rules.
In 2019, President Trump signed two executive orders aimed at stopping the practice of agencies using guidance documents to effectively implement policy without going through the legally required notice and comment process.
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Free the Economy podcast: The Overton Window with James Hohman
In this week’s episode we cover Treasury yields, oil prices, US-China-Taiwan security policy, and Trump’s $5,000 dividend checks. Our…
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How The No Surprises Act worsened the problem of surprise bills
Next week, Sen. Bill Cassidy (R-LA) will convene a roundtable to discuss adjustments to the 2020 No Surprises Act, which has come under…
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The rules Congress never gets to see
The 1996 Congressional Review Act (CRA) has been used to overturn only a few dozen federal regulatory directives since its enactment, most during the…
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This Week in Ridiculous Regulations
As summer marches on, regulatory agencies issued more than 60 new regulations in the last week.
Forbes
How Is Trump’s “One-In, Two-Out” Policy On Federal Regulations Going?
The Trump White House has just published the “Spring” 2017 Unified Agenda of Federal Regulatory and Deregulatory Actions. The Unified Agenda is the federal…
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Restore Economic Opportunity by Repealing Occupational Licensing Rules
To increase growth, we need to get rid of some of the unnecessary barriers to economic opportunity that have arisen in recent years – such…
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Resolution of Disapproval of CFPB’s Arbitration Rule Is Long Overdue
This week, the House of Representatives is scheduled to consider a joint resolution of disapproval (H.J. Res. 111) of a controversial new regulation issued…
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Legislation Introduced in Congress to Ease Regulations on Small and Medum-Sized Banks
While recent news cycles dominating Washington have focused on Russia, health care, and now tax reform, some little-noticed progress is being made in deregulating the…
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OMB Director Mick Mulvaney Discusses the Trump Administration’s Regulatory Reform Efforts
The following is an excerpt from remarks delivered by Office of Management and Budget Director Mick Mulvaney on The Path Forward of Regulatory Reform held at CEI…
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