Identifying Regulations Affecting International Trade and Investment: Better Classification Could Improve Regulatory Cooperation

From: Regulatory Studies Center | George Washington University

Daniel Pérez, Policy Analyst


However, as identified by OMB’s Office of Information and Regulatory Affairs (OIRA), any efforts that “increase regulatory transparency and provide early warnings” contribute to better outcomes in [international regulatory cooperation] IRC. Accordingly, several U.S. initiatives focus on standardizing good regulatory practices (GRP) by engaging its rulemaking agencies in the IRC process. A substantial portion of these efforts is targeted at improving transparency and increasing stakeholder participation via improvements in agencies’ notice -and-comment rulemaking process. Public comment “has been a central element of U.S. regulatory procedure since it was required by the Administrative Procedure Act (APA) of 1946.” [Notes omitted]

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