From: BNA/Daily Report for Executives

By Cheryl Bolen

President Barack Obama, with an eye toward his legacy, is personally engaged in a new initiative to move federal agencies into the next phase of reviewing their regulations—the results are expected in late summer—and potentially will make the changes permanent.

First announced in 2011, retrospective review had some early successes, but has slowed as cash-strapped agencies have struggled to both review existing rules and promulgate new ones, including the required public comment, cost estimates and impact analyses.

Under executive order, federal agencies are required to modify, streamline, expand or repeal any rule that has become outmoded, ineffective, insufficient or excessively burdensome. Agencies are required to submit plans for conducting reviews twice each year, on the second Monday of January and July.

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