Centralized regulatory review has been around for nearly a half century; OIRA has been in existence nearly four decades. During that period of time OIRA’s product line has remained virtually the same, without change. It is unusual for any organization to continue to either exist, or not witness a decline in its relevance, without an expansion of its product line.
Fortunately OIRA is taking steps to expand its product line to include:
— a regulatory budget
— the review of IRS rules, and possibly
— the review of the regulations of independent agencies
— streamlining shipping regulations