Archive for August, 2012
Over the past few decades, governments around the world have established procedures to try to analyze the impacts of new regulatory proposals before they are adopted. By contrast, they have paid remarkably little attention to analyzing regulations after adoption. Admittedly, some countries have begun to undertake modest efforts to examine the impacts of regulation retrospectively. Under the Obama Administration, for example, agencies across the United States government have undertaken a formal “look back” review to identify and remove outdated regulations. But by and large these kinds of look-back efforts, however valuable they may be for tidying up the law books, fall far short of the kind of rigorous evaluation research needed to determine which regulations are causing positive outcomes and which ones are not.
Posted by Michael White
The Department of Energy recently published a proposed rule in the Federal Register which serves as an excellent reminder that regulatory review is an ongoing process.
Under Executive Order 13563, “Improving Regulation and Regulatory Review,” agencies are required to develop a plan to periodically review existing regulations to determine which ones should be maintained, modified, strengthened, or repealed to increase the effectiveness and decrease the burdens on affected parties.
The Administrator of the Office of Information and Regulatory Affairs explained the purpose of regulatory lookback this way:
From: Mercatus Center
Ted Gayer, W. Kip Viscusi
In recent years, federal agencies have issued energy-efficiency standards for everything from cars to light bulbs. These regulations are commonly billed as important efforts to reduce greenhouse gases.