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.
Featured Posts
National Review
From Munitions Shortage to Ebola, Dodd–Frank Minerals Measure Makes Things Worse
A scan of news headlines warns readers of two seemingly unrelated dangers around the globe. One is a potential shortage of missiles, interceptors, and…
Blog
The week in regulations: School libraries and sport pilots
The Federal Reserve raised interest rates. Congress passed a Russia sanctions bill that gives President Trump more tariff authority. Agencies issued new regulations ranging…
Blog
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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News Release
Bush Budget Ignores Hidden Costs
<?xml:namespace prefix = st1 ns = “urn:schemas-microsoft-com:office:smarttags” />Washington, D.C., February 4, 2008—The White House has released President Bush’s budget for the federal government,…
Op-Eds
Comcast in the Crosshairs
Despite Comcast's ascendancy, the cable provider remains vulnerable - yet its greatest threat is not from Baby-Bell competitors but from lawmakers in Washington, D.C.
Op-Eds
Romney Had a Hammer
Mitt Romney’s surprisingly decisive victory in Michigan kept him in the race for the Republican nomination, but he wasn’t the only one Tuesday night…
Study
Regulatory Competition: A Primer
Full Document Available in PDF Government regulation is often perceived as a good way to…
Op-Eds
Opposing view: Plan Hurts Future Borrowers
The government sure has a funny prescription for restoring confidence in America's credit markets. It purports to solve the nation's credit crunch — a…
Study
The Credit Union Regulatory Improvement Act
Full Document Available in PDF This paper provides a free market perspective on…
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