House Regulatory Task Force Aims to Modernize Regulation
As part of Speaker Paul Ryan’s “Better Way” approach to constructive government reform, the task force on regulatory reform released its benchmark report today. In addition to reports on poverty, jobs, taxes, health care, security, and constitutional authority, the report on regulatory reform contains a litany of proposals to modernize the rulemaking process and reassert Congress’s legislative authority. The numbers on regulation speak for themselves: President Obama has already issued 591 major rules, 41 percent more than his predecessor during the same period. Since 2010 alone, regulators have imposed nearly $750 billion in net present value costs.