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: Real-world economics with Paul Mueller
In this week’s episode we cover spiraling health care costs, reforming state-level regulations, and how to keep asset managers accountable…
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The week in regulations: Safe explosives and baker’s yeast
President Trump proposed an export ban on diesel fuel. Mortgage rates topped 7 percent. Agencies issued new regulations ranging from bank mergers to window…
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Free the Economy podcast: Gen Z capitalism with Sam Raus
In this week’s episode we cover how data centers power our lives, how modern technology is fueling family togetherness, and the…
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The Washington Examiner
Regulatory Costs Soar as Biden Adds Rules Faster Than Predecessors
The Washington Examiner cites Vice President for Policy Wayne Crews on Biden Administration regulations: In a broader sense, Wayne Crews, vice…
Reason
Lawsuit from Former Students Alleges Financial Aid Price Fixing at Elite Universities
Reason cites Vice President for Strategy Iain Murray on how federal regulations affect student loans: Iain Murray, the vice president for…
News Release
Inflation Hits 40 Year High, but Policymakers Can Fix It
Inflation is up, again, the Bureau of Labor Statistics reports today. The Federal Reserve has a clear job to do, but Congress and…
The Economist
Enthusiasm for Regulation, Often in Areas Like the Climate, Shows No Sign of Flagging
The Economist cites Vice President for Policy Wayne Crews on regulatory guidance: Many new instructions come not as formal rules but…
The Washington Examiner
Zogby: US Overwhelmingly Wants Less Federal Meddling
The Washington Examiner cites Vice President for Policy Wayne Crews on President Biden and regulations: The results were stunning, especially coming…
Forbes
Joe Biden’s Year in Federal Regulation, 2021
Today is New Year’s Eve. Yesterday, December 31, 2021 was the last federal workday of the year. This presents an obvious opportunity to…
Staff & Scholars
Clyde Wayne Crews
Fred L. Smith Fellow in Regulatory Studies
- Business and Government
- Consumer Freedom
- Deregulation
Ryan Young
Senior Economist and Director of Publications
- Antitrust
- Business and Government
- Regulatory Reform
Fred L. Smith, Jr.
Founder; Chairman Emeritus
- Automobiles and Roads
- Aviation
- Business and Government
Sam Kazman
Counsel Emeritus
- Antitrust
- Automobiles and Roads
- Banking and Finance
Marlo Lewis, Jr.
Senior Fellow
- Climate
- Energy
- Energy and Environment