Obama orders major review of regs
Tuesday 18 January 2011 - by Will Henley
US President Barack Obama has announced an overhaul of government rule-making, ordering executive departments and agencies to ensure that new regulations are "flexible".
The decree tells agencies that they must ensure regulations are "cost-effective and cost-justified".
It also orders agency staff to ensure that regulations are simplified and harmonised to promote certainty for businesses. Existing rules that may be "outmoded, ineffective, insufficient or excessively burdensome" should be analysed, and where necessary should be repealed, it adds.
Darrell Issa, Republican chairman of the US House Committee on Oversight and Government Reform, immediately praised Obama on the move, which he indicated came after a period of "anti-business" rulemaking.
"I applaud President Obama for joining what must be an effort that stretches beyond ideological entrenchments to identify the regulatory impediments that have prevented real and sustained job growth in the private sector," Issa said.
"The anti-business policies of the past have hurt job creators, small and large. It's in the interest of every American that we create a modern, regulatory environment that fosters economic growth and makes US companies globally competitive."
Under the order, agencies and departments are expected to submit within four months a preliminary plan for reviewing or repealing regulations.
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