In response to the Sensible Regulation initiative, I am writing to inform you of a recommendation we have made to the White House office in charge of regulatory oversight of federal agencies, the Office of Information and Regulatory Affairs (OIRA). Although I was instrumental in establishing the office, I am no longer employed by the organization. Most recently I was an active participant in the establishment of A Forum for Venting Key Submissions to OIRA
We have proposed a mechanism for controlling the total cost of regulations, a regulatory budget, and it is described in detail in a post on the website of the Center for Regulatory Effectiveness (CRE) at https://www.thecre.com/forum8/?p=8371
