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
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…
Blog
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…
Blog
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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Investors' Business Daily
America’s Hidden Trillion-Dollar Tax
We need a breather to take it all in: TARP, a $787 billion stimulus bill and a projected $1.845 trillion budget deficit. But lost among…
Blog
Compare and Contrast
Bjorn Lomborg, November 2007: …although it may seem almost comically straightforward, one of the best temperature-reducing approaches is very simple: paint things white. Cities…
Newsletter
The Credit Card Bill of Rights, Chrysler’s Bankruptcy and Carbon Trading
President Obama signs the credit card “bill of rights” into law. A federal bankruptcy judge prepares to rule on Chrysler’s financial future. Carbon trading is…
Blog
A Bleak Regulatory Future for the Tech Sector
May so far has been full of omens for the future of technology regulation. On Monday the 11th, the Obama administration announced that it would…
Blog
Divorce Courts Harass Our Troops and Small Businesses
Memorial Day is an opportunity to thank our troops, and open our eyes to the disgraceful way they are treated by divorce courts. The bias…
Blog
Chrysler Confronts Grim Future, Despite Billions in Taxpayer Subsidies
The federal government poured billions of dollars into Chrysler, which then went bankrupt and merged with Fiat. But Chrysler may never revive, thanks to absurdly…
Blog
Fulfilling Prophecies
CBO estimated today that unemployment will top out at around 10.5% before it recovers. Congress is doing its part to make CBO’s dire prophecy a…
Investors' Business Daily
Supreme Court To Hear Sarbanes-Oxley Challenge
A major government abuse of power is about to get much-needed scrutiny, thanks to the Supreme Court, which this week decided to hear…
Blog
Victory for Capitalism in World’s Largest Democracy
India’s Congress Party was responsible for many mistakes when it turned India into a corrupt socialist state in the 1960s and 70s, but it changed…
Blog
Adviser Admits Obama’s Tax Increases May Kill Economic Recovery
Harvard economist Martin Feldstein, warns that “the barrage of tax increases proposed in President Barack Obama’s budget could . . . kill any chance of…
Blog
Law Professors Urge Supreme Court to Review Challenge to Powerful Agency, in Free Enterprise Fund v. Public Company Accounting Oversight Board
Tomorrow, the Supreme Court will weigh whether to decide what a federal judge called the “the most important separation-of-powers case regarding the President’s appointment…
Newsletter
Europe Investigates Intel, Obama Explodes the Deficit and Minnesota Jumps on the Banned Wagon
European antitrust officials prepare to rule in an investigation of Intel’s microchip marketing practices. The White House estimates that the deficit will explode to $1.8…
Newsletter
Chrysler’s Bankruptcy, Small Businesses Fight Back and New York’s War on Bottled Water
Financial analysts size up what Chrysler’s entrance into Chapter 11 bankruptcy means for customers and employees. Small business owners band together to oppose new union…
Newsletter
The War on Cockroaches, Consumer Credit Shrinks and the Future of Internet Gambling
New York State officials move to limit sale of anti-insect “bug bombs” to consumers. Economists chart a record drop in consumer credit. Rep. Barney Frank…
Blog
Another Postage Hike on Monday
Postage rates will go up on Monday. Thanks to the forever stamp, most of us won’t have to bother with those infernal 2-cent stamps this…
Blog
Cockroaches Win
If New York regulators get their way, the only other option will be for people to hire an exterminator. So basically, if your income is…
Newsletter
Cap and Trade Compromise, the Return of Bed Bugs and Jack Kemp, RIP
The White House floats the idea of allowing new oil and gas drilling in exchange for support of a cap and trade system for greenhouse…
Blog
Obama’s pending cybersecurity overhaul should heed the “Cybersecurity Commandment”…
Not many details have appeared, but the Atlantic reports on a speech given by the administration’s Melissa Hathaway in McLean, VA: In her speech,…
Newsletter
Consumer Credit, Social Security and Swine Flu
The House of Representatives votes to limit credit card fees and interest rates. President Obama endorses raising Social Security taxes. Vice President Biden advises Americans…
Blog
Fix Social Security; Unleash Capital
In RealClearMarkets.com, Fred Smith and I explain how the seemingly forgotten — but still important — goal of Social Security reform can help unleash capital,…
News Release
CEI Comment on Obama 100 Days
Obama Bombs on Spending, Energy in First100 Days, Hope for Progress on Regulations, Credit Crisis CEI Comments on Obama 100 Days and What’s Ahead…
Financial Times
Fed’s policies contradict each other
Sir, Henry Kaufman frets that “libertarian dogma led the Fed astray” (April 28). Congress, not free-market ideology, is the real culprit. One reason…
Blog
Well @#$%&, Supreme Court Upholds Ban on “Expleetive Deleetives.”
In FCC v. Fox today, the Supreme Court upheld regulation of “fleeting expletives” on broadcast television. What should be “fleeting” is the nearly century old…
Financial Times
Dodd to revise CARD proposal
Blog
When Government Spending Gets Really Obscene
My good friend and Bureaucrash ally Xaq Fixx recently altered me to an interesting story on the intersection of politics, technology and free…
Blog
General Growth Properties (GGP) — Bankruptcy the way it ought to be
On the surface, given the economic turmoil we’ve had, there was nothing that remarkable about the bankruptcy of shopping mall owner General Growth Properties (GGP).
Blog
Obama credit card meeting — should meet with economists instead
Instead of meeting with the executives of credit card issuers and sactimoniously lecturing them about not raising rates, as he is doing…
Blog
Mortgage Executive Kills Himself, After Obama Makes Mortgage Giant Freddie Mac Lose Money to Bail Out Irresponsible Borrowers
The chief financial officer of mortgage giant Freddie Mac committed suicide today in his basement. The Obama Administration forced Freddie Mac to run up…
Blog
People Make Earth Day Better
This year, we at the Competitive Enterprise Institute are suggesting that those who will be celebrating Earth Day remember the challenges presented by living in…
Blog
Does Anyone Understand The Internet?
I’m beginning to think “no” is the definitive answer. While most tend to understand the basic concepts of Internet connectivity and its associated parts, it…
Blog
The “Small Business” Exemption Distortion
Many of the federal regulatory and tax laws include a “small business exemption” – politicians displaying an aversion to crippling a…
Newsletter
Bailout Power Grab, Abuse of Power in New York and Rising Sea Level Panic
White House economic advisers plan to convert government holdings in bailed out banks to common stock, increasing direct government control. New York State insurance chief…
Blog
Nationalizing the Banks? Stock Conversion May Backfire
The Obama Administration wants to convert the preferred shares the government got from banks in the bank bailout into common shares. In theory, it…
Newsletter
Hemispheric Diplomacy, Greenhouse Gases and Anti-Tax Protests
President Obama attends the Summit of the Americas with other leaders from North and South America. The Environmental Protection Agency declares greenhouse gases to be…
Newsletter
CO2, Microsoft’s Antitrust Overseers and Anti-Tax Activists
The Environmental Protection Agency prepares to release a document that could require the federal government to regulate emissions of carbon dioxide. The Justice Department extends…
Newsletter
Anti-Tax Tea Parties, College Quotas and Job-Killing Regulations
People across the nation rally to oppose high taxes and government spending in the spirit of the original Boston Tea Party. President Obama’s apparent support…
Blog
We Wouldn’t Have Teaparties If It Wasn’t For Rentseeking
Those who say we tried the free market and it failed should research the history of the Boston Tea Party a little. We didn’t even…
Newsletter
Tax Day Protests, Small Car Safety and Union Organizing
People across the country gather to protest high taxes and excessive government spending. A new crash test study finds that smaller cars are especially vulnerable…
Blog
A National Anthem for April 15
As Tea Parties brew across the land today, I’m reminded of the infamous “Tax Poem” chain email, or, spam, if you like. Set to music…
Financial Times
1,000,000 Tea Bags Find a Home
After park officials turned away Tea Party protesters' 1 million tea bags, the press conference was moved to the Competitive Enterprise Institute. We were happy…
Newsletter
Justice Ginsburg’s Inconsistency, the Continuing Pirate Threat and Tax Day Tea Parties
Justice Ruth Bader Ginsburg defends the use of foreign legal codes in deciding U.S. Supreme Court verdicts. Somali pirates renew their attacks, seizing four new…
News Release
April 15th Tax Burden Worsened by Hidden Taxes
April 15th Tax Burden Worsened by Hidden Taxes Americans Hit by Excessive Federal Regulations, Threatened by New Energy Rationing Washington, D.C., April 14,…
Blog
Broadband Stimulus Plan: Spend First, Ask Questions Later
There has been some noise in technology circles the last week over the FCC comment period or Notice of Inquiry (NOI) in regards to the…
Blog
Don’t Change Interchange
Overstock.com President Jonathan E. Johnson recently penned an op-ed that appeared in The Washington Times last week in which he argued for government regulation…
Financial Times
Deregulate to Stimulate
Few Americans are aware of the massive scope of the federal regulatory enterprise. It is hardly common knowledge that 4,004 rules from nearly 70…
Blog
Federal Budget Deficit Skyrockets; $163,000 More in Taxes
“The budget deficit increased by $192.3 billion in March, and is near $1 trillion just halfway through the budget year.” It’s going to…
Blog
Jack Dreyfus, FDA Reform Pioneer
My colleague John Berlau wrote a nice obituary of mutual fund pioneer Jack Dreyfus that was published in Investor’s Business Daily earlier this week.
Newsletter
Banning Bottled Water, Remembering Jack Dreyfus and Greenhouse Gas Legislation
Activists campaign for college campuses to ban sales of bottled water. Legendary investor Jack Dreyfus passes away at age 95. Reps. Henry Waxman (D-CA) and…
Blog
Trojan Horse “Food Safety” Law
A misguided bill, the Food Safety Modernization Act of 2009, may shut down farmer’s markets and “drive out of business local farmers and artisanal,…
Letters
Letter to Senators Dodd and Shelby, and Congressmen Frank and Bachus regarding National Regulatory Modernization
Full Document Available in PDF This letter written to Senators Dodd and Shelby, and…
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