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: Cyber sanctions and tinnitus relief devices
Inflation is now more than double the Federal Reserve’s target. The Iran war heated up again. Agencies issued new regulations ranging from vending stands to…
Blog
Free the Economy podcast: Taxing the rich with Jared Walczak
In this week’s episode we cover America’s low-income churn, reforms to civil asset forfeiture, changes to vehicle emissions testing, a shout…
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…
Search Posts
Blog
The New Green Economy?
I’ve spent a while crunching the numbers relating to energy and environment spending in the stimulus bill. The bill will spend about $80 billion on…
Blog
Avoiding Political Erectile Dysfunction
According to the Congressional Budget Office, “Bailout to Nowhere” money for the proposed new infrastructure stimulus won’t be spent within the next two years–far too…
Blog
The Not So Good, the Bad, and the Really Ugly
Not all stimulus programs are created equal. If the goal of the latest economic bailout package that Congress is considering is as President Elect Obama…
Newsletter
Full Stop on New Regulations, Infrastructure Confusion and the Problem with ‘Priming the Pump ‘
President Obama orders a halt to implementation of all pending federal regulations. President Obama calls for increased spending on roads, bridges and electrical grids. President…
Blog
New Federal Regulation Hits a Full Stop
According to press reports, President Barack Obama has ordered a full stop to all pending federal regulations. Funny, I didn’t hear anything about that…
Blog
Milton Friedman counters Kennedy inaugural–and Obama’s
Before President Barack Obama gave his inaugural address, it had been reported that he was heavily studying John F. Kennedy’s speech at…
Blog
HIGH NOON PASSES–Global Warming Doesn’t Show Up At The Inaugural
Well, the noon temperature in Washington DC at the President Obama’s swearing-in was 28 degrees F., eight degrees colder than when Bush…
Blog
Barack Obama’s ‘Digital Lines’ to Nowhere
When Barack Obama said in his inaugural address, "We will build the roads and bridges, the electric grids and digital lines that feed our commerce…
Blog
Bad Economic Metaphors: Priming the Pump
President Obama faces the immediate challenge of getting funds again flowing through the financial system. And, apparently, his advisors are relying on “pump priming”—pouring…
Blog
Whither Union Transparency?
As Barack Obama is sworn in as the nation’s 44th President today, Rep. Hilda Solis (D-Calif.) will likely be the next Secretary of Labor. As…
Blog
HIGH NOON–Inauguration Global Warming Temperature Watch
When President Bush leaves office today, will the capital be warmer or colder than when he was sworn in eight years ago? It’s not scientifically…
Blog
Stimulus Bill Lacks Bold Ideas for Reform
USATODAY.com reports that the stimulus plan has swelled to $850 billion but lacks the bold ideas that are needed for the economy to truly…
Blog
PEOTUS Behavioral Targeted Advertising Adventure
The prevention of regulation and the Rule of Law pounding its mighty fist within a medium or sector of business is generally something that is…
Blog
Telecom Lobbyists in the DTV Henhouse?
With the election of a new president and new Democratic majorities in Congress, the era of corporate influence is over in Washington, D.C. Or, at…
Blog
Regulate First, Think Never?
Twitter can be very useful. Walter Olson of Overlawyered.com sent out a tweet this morning about an Amazon list of toys that…
Letters
Requesting a TARP Disapproval Resolution
Full Document Available in PDF United States Congress Washington, DC 20515 Dear Member of Congress: On behalf…
Blog
The Paycheck Fairness Act: Equal Pay Baloney From the Press
“News” stories on legislation often read like lazy summaries of press releases put out by the bill’s sponsors. That’s particularly true for so-called “equal pay”…
Citation
Geithner’s Nomination
Citation
Why Geithner Is A Bad Choice
Citation
The Embattled Geithner’s Nomination
News Release
Statement on Treasury Secretary Nominee Timothy Geithner’s Failure to Pay Self-Employment Taxes
Treasury Secretary Nominee Timothy Geithner's failure to pay four years’ worth of self-employment taxes for Social Security and Medicare is absolutely astonishing. And as more…
Op-Eds
Bailout Big Three By Cutting Red Tape
Why are we spending $17 billion of taxpayers’ money propping up two Detroit automakers (notably not Ford Motor Co.)? What the auto companies really…
Citation
The Benefits of Deregulation in the Railroad Industry
National Association of Manufacturers
Obama and the Keynesian Revival
The National Association of Manufacturers discusses Iain Murray's National Review article on Obama's Keyenesian revival. Iain Murray of the Competitive Enterprise Institute makes…
Newsletter
Union Scandal in California, Alternative Energy Promises and Short-Selling on Wall Street
The Service Employees International Union (SEIU) finalizes a controversial merger of its California locals into one state-wide “superlocal”. President-Elect Obama promises to double the nation’s…
CNS News
Economists Say Bush ‘Chucked’ Free Market Principles Long Before Financial Crisis
CNS News discusses President George W. Bush's move away from free market principles. However, Wayne Crews of the Competitive Enterprise Institute told CNSNews.com that…
Cafe Hayek
Tranquilizing the Stimulators
Blog
Ecuador’s Mining Law and the 70% WFT
Ecuador, the only Latin American country that lacks large-scale mining operations, is passing a new mining law that will lift a six-month ban on mining…
Blog
The Bureaucratic Mind at Work
In an increasingly rare example of investigative journalism, the UK Times finds a ‘ghost bus’ designed to spare ministers’ blushe. The bus, which is…
Blog
Short-seller praised by Mass. Democrat at Madoff hearing
In the House Financial Services Committee hearing Monday on Bernard Madoff’s $50 billion alleged Ponzi scheme, some good points were raised by Congress members…
Blog
Change Is Coming, To Benefit Trial Lawyers
Obama promised change, and it’s already happening, at the expense of the poor, consumers, and small business. “Regulations set to take effect next month could…
Blog
Massive in Massachusetts
The people of Massachusetts, who until now have been entirely clueless about the fat content of any food, will finally be set free from their…
Blog
Let the Sunstein In
I was cheered this morning by the news that Cass Sunstein of the University of Chicago is to be the next head of…
Blog
Thousands Die After Zimbabwe Dictator Nationalizes Water Systems
Thousands of people have died of cholera in Zimbabwe after the country’s left-wing dictator Robert Mugabe nationalized municipal water systems to seize their revenue,…
Daily Iowegian
The Hidden Costs of Government Regulation
Newsletter
Coleman v. Franken, Drug War TV and $8 Trillion Worth of Stimulus
Sen. Norm Coleman (R-MN) announces a legal challenge to an election ruling favoring his rival Al Franken. ABC premieres the primetime drama “Homeland Security USA,”…
Blog
Card Check Loses Support, but Threat Isn’t Over
Today in The Wall Street Journal, Kimberley Strassel dissects the shifting political prospects for the Employee Free Choice Act (EFCA), commonly known as the…
Blog
Prediction 2009: No Net Neutrality Regulation
Perhaps this is just wishful thinking, but I think that 2009 may see the death of calls for net neutrality regulation and may even see…
Products
CEI Planet: January – February 2009
View the new Montly Planet by downloading the PDF of the issue. Below you’ll find previews of the articles in this issue: From The…
Blog
Davis-Bacon from the Pork Barrel
In today’s Wall Street Journal, the Brookings Institution’s Clifford Winston points out some critical pitfalls likely to face the infrastructure spending element of President-elect…
Blog
Jail Time for Conflict of Interest?
David Bruggeman at Prometheus has what I think can only be described as an extreme view of conflict of interest: An Emory University Researcher…
Blog
Madoff: Hiding in Plain Sight, Thanks to SEC
Contrary to popular belief, Madoff's $50 billion Ponzi scheme was subject to to a variety of financial regulations, something he actually used as a selling…
Letters
Letter To President Obama on Credit Unions and Business Lending
Full Document Available in PDF December 23, 2008 The Honorable Barack Obama President-Elect…
Blog
Fewer Toys for Christmas
Small toy manufacturers may go out of business thanks to the “Consumer Product Safety Act of 2008,” which Congress hastily passed in response to…
Daily Iowegian
The 2008 Year in Poker
Blog
Bush Auto Bailout Illegal, Bailout Supporter Admits
Clinton Administration Labor Secretary Robert Reich, who supports bailing out the Detroit automakers (whose unionized workers are paid $70 an hour), nevertheless points out…
Blog
GM-Chrysler Merger Likely Blocked by Antitrust
General Motors & Chrysler could be strengthened by a merger, an option that wouldn't cost taxpayers a dime. But, the idea has been pushed aside,…
Blog
Mortgage Madness
Here is a letter I fired to the Wall Street Journal: December 17, 2008 Editor, The Wall Street Journal 200 Liberty Street New…
News Release
White House Auto Bailout a Recipe for Failure
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Blog
How Do Regulations Stack Up as a Small Firm Grows?
Tomorrow, electric utilities and green groups team up at the National Press Club to ask for billions of new spending on what they term energy…
Blog
Credit Card Price Controls Harm Consumers
The Wall Street Journal editorial got it exactly right: The Federal Reserve cut rates to historic lows Tuesday, but today it…
Blog
Paul M. Weyrich, RIP
[Since I wrote this, Paul Weyrich’s last column was published the day of his death, “The Next Conservatism, A Serious Agenda for the Future”…
News Release
Berlau Commends Schapiro Pick for SEC
John Berlau, director of the Center for Entrepreneurship at the Competitive Enterprise Institute, issued the following statement on President-Elect Barack Obama's appointment of Mary Schapiro…
Blog
Coming to an ISP Near You: Google Servers
Over at the Tech Liberation Front, the Internet’s premier free market technology blog, we’re discussing the implications of Google’s OpenEdge program. The program plans to…
Blog
VIDEO: Fred Thompson on the Economy
In a great satire of today's political doublespeak, Fred Thompson tells us why the sophisticated policies coming out of Washington defy common sense. How do…
Blog
Paulson’s Bailout Was a Scam
National Review editor Rich Lowry, who mistakenly supported the financial system bailout because he trusted the Bush Administration, now realizes that he was deceived by…
Blog
Fed Cuts Rates, Punishing Thrift, and Impoverishing Savers
The Federal Reserve has just cut the federal funds rate for loans to banks to an unprecedentedly low rate — ranging from 0.0% to…
Blog
Auto Bailout Would Kill Jobs, Impoverish Taxpayers
A bailout would be worse for the auto industry than automakers filing for bankruptcy, explains banking and bankruptcy expert Todd Zywicki, a law professor,…
Newsletter
Bailout Indecision, Greenhouse Gas Negotiations and Privatizing Electricity
President Bush and Treasury officials continue to evaluate possible bailout proposals for General Motors and Chrysler. Twenty-seven European countries sign a new agreement to reduce…
Blog
The Cloverfield Monster of the Internet
Earlier posts today dealt with the hoo-ha over Net Neutrality. By coincidence, an anonymous colleague put the following old 1996 quote by Sen. James Exon…
Blog
“Net Neutrality,” RIP? Well, One Can Hope
Net neutrality has long been a threat to Internet users. Despite the rhetoric and appeals to “openness,” it was always an anti-consumer enterprise, irretrievably and…
Blog
Why Not a Wal-Mart Bank?
Seems like every business these days is becoming what’s called a “bank holding company” — seeking the shelter of the federal government’s deposit insurance and…
Newsletter
Auto Bailout, Global Warming Controversy and Free Trade
Senators vote down a bailout proposal for U.S. auto companies. Czech President Vaclav Klaus criticizes a new European agreement on global warming as “a silly…
Blog
Bush’s Auto Bailout: Illegal or Unconstitutional
The Bush Administration is planning to bailout the Big Three. It's using part of the $700 bill financial sector bailout package by seizing on TARP's…
Blog
Lawrence Lessig and Fighting Corruption
Lawrence Lessig has recently shifted his focus away from intellectual property and technology policy and toward tackling the larger issue of political corruption. It’s quite…
Blog
Antitrust Liberalization May Avert Need for Bailouts; Outdated Laws Deter Efficient Mergers
In early 2007, the economy was humming along and General Motors was considered to be in the process of a turnaround. To help stabilize itself,…
Op-Eds
Power to the People
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Blog
Jay Leno Riffs on the Bailout
A new viral email, claiming to be jokes written by Mr. Leno, adds a bit of humor to the financial crisis. As business and government…
Blog
Federally Sanctioned Propaganda Machine
Apple's 1984 "Big Brother" ad An article over at Ad Age brings up an angle on the whole…
Blog
Auto Bailout Smoke and Mirrors
Mickey Kaus, a moderate Democrat, explains how the proposed auto bailout contains little leverage for the proposed “auto czar” to really cut the excessive…
Blog
Auto Bailout – Destroying Detroit by ‘saving’ it
In a famous quotation from his 1986 address to the annual White House Conference on Small Business, President Ronald Reagan quipped that “government’s view…
Study
The Railroad Competition and Service Improvement Act
Why Government-Enforced “Competition” Will Not Work.
Blog
German Finance Humor
When the Germans are laughing at you, things are in a pretty serious mess. That’s the case with the British version of the bailout, which…
Blog
Unbelievable Gall from the New York Times
As economists and the Wall Street Journal have noted, the Community Reinvestment Act was an important ingredient of the financial crisis, by pressuring…
Blog
Censorship and Bailouts for the Rich
George Will has an interesting column on how the so-called “Fairness Doctrine” that many liberal lawmakers want to reimpose in order to shut down…
Daily Iowegian
Advocacy groups vs. Bush’s 11th hour
Daily Iowegian
Expertise Trumps Ideology in Obama’s Early Picks
Daily Iowegian
auto bailout
Daily Iowegian
PCAOB Case to Supreme Court
Daily Iowegian
Waxman Win Is Boon for Environmentalists, Bust for Utilities
Daily Iowegian
The Waxman Wane
Daily Iowegian
Bush administration’s legacy
Daily Iowegian
carbon dioxide and The Clean Air Act
Daily Iowegian
auto industry bailout
Newsletter
White House Summit, Auto Bailout and Oil Drilling
Leaders of twenty nations gather at the White House to discuss the global financial downturn. Lawmakers prepare to debate a financial…
Op-Eds
Another housing crisis brewing
As it continues to pick up the pieces from the mortgage mess, Congress needs to take note of another housing-related crisis that threatens…
Daily Iowegian
“midnight” regulations
Daily Iowegian
regulatory reform and Sarbanes-Oxley
Newsletter
Freezing Regulations, Attorney General Prospects and Bailing Out Detroit
President Elect Obama meets with his team of economic advisors. Controversial law professor Charles Ogletree is mentioned as a possible nominee for Attorney General. Detroit’s…
Op-Eds
Bush Should Keep Promise To Stop New Regs
Despite his party’s defeat at the polls last week, President Bush still wields enormous regulatory power. The way he manages this power—and, in…
Newsletter
White House Transition, More Bailouts and Power Struggles in Congress
George W. Bush and Barack Obama hold transition talks at the White House. Auto manufacturers continue their push for their own federal bailout. Two senior…
Tech Policy Central
CEI Blasts New Banking, Internet Gambling Regulations
News Release
An Agenda for the Obama and Bush Meeting
Since the President and President-elect start spending quality Oval Office time together today, and since the incoming administration’s advisors can’t settle on either pushing a…
Op-Eds
Dealing with the Threat of Global Recession
Fred L. Smith Jr. and John Berlau on the upcoming Global Economic Summit: Governments should agree to a timetable to end the bailouts.
Tech Policy Central
Op de valreep versoepelt Bush wat strenge milieuregels
Newsletter
Online Ads, Regulatory Reform and Free Trade
Google and Yahoo abandon a proposed advertising partnership amid antitrust concerns. President-Elect Obama begins transition work with the current White House staff. Rep. Rahm Emanuel…
Tech Policy Central
Next up: Bush administration’s anti-environment rules
Tech Policy Central
Groups Seek To Halt ‘Midnight Regulations’
Tech Policy Central
Bush Team Rushes Environmental Policy Changes
Capital Reseach
The economic crisis is the fault of the American people
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