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
The week in regulations: Bone void filler and halibut action
May’s job numbers were strong for the third month in a row, though job growth since Liberation Day remains under 100,000, for a labor force…
Blog
Free the Economy podcast: State budgets and bailouts with Thomas Savidge
In this week’s episode we cover promising new classroom technology, increasing productivity (and avoiding layoffs) with AI, and the repeal of the…
Blog
The week in regulations: Onion marketing and refrigerator leaks
PCE inflation, which the Federal Reserve uses for its interest rate decisions, rose to 3.8 percent, nearly double the Fed’s 2.0 percent target. President Trump…
Search Posts
CNBC
Trump’s deregulation wave may have companies geared up to spend and hire
CNBC highlights Wayne Crews’s calculated cost of federal regulations from his annual Ten Thousand Commandments report. In a Friday note, Jefferies Chief Market…
Blog
This Week in Ridiculous Regulations
With the new administration’s regulatory freeze now in full effect, there were just 8 proposed new regulations published last week. This was the lowest figure…
Washington Post
Can Trump win his war on the regulatory state?
The Washington Post discusses the cost of federal regulations with Wayne Crews. Now regulation is pervasive. It touches air and water pollution, pensions,…
Blog
Encouraging Job Report Suggests Deregulation Will Get America Back to Work
New employment numbers suggest that employers are starting to respond to the promise of substantial deregulation by the new administration.
Blog
Nestlé, Other Businesses Flee California
Poor economic policy is negatively impacting job prospects in the Golden State.
Blog
Assessing Prospects for Bipartisan Consensus on Regulatory Reform
The federal government doesn’t merely spend $4 trillion a year, it directs the private sector to spend and otherwise re-purposes enormous resources.
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