A First Step: Issues with Implementing the Executive Order to Reduce Regulation

This new executive order (EO) is a welcome first step toward the goal of reducing the burden of federal regulations, even though it is limited to “economically significant” regulatory actions. Agencies and the Office of Information and Regulatory Affairs (OIRA) will face several challenges in meeting this executive order, including determining credible estimates of benefits and costs of proposed regulations, conducting adequate oversight of the process, and choosing the right regulations to eliminate. Guidance on ensuring that poor regulations are eliminated will be a particular challenge in meeting the executive order.

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