The website consists of two parts:
1. A library, which is updated continuously, of major articles written on a regulatory budget, and
2. A commentary on critical events leading to the implementation of a regulatory budget which will demonstrate its broad base of support.
It has been thirty six years since the first prototype regulatory budget was created during the Carter Administration; it has been nearly half a century since the concept of centralized regulatory review, a necessary condition for the implementation of a regulatory budget, was formulated in the Johnson Administration and first implemented in the Nixon Administration.
Basically a regulatory budget places a ceiling, by an act of Congress not an unilateral action by the Executive Branch, on the total cost that a particular regulatory agency can impose on the public to comply with its regulations. Consequently the regulatory budget is the most forceful mechanism available to return to the Congress the power to control the size of the regulatory state.
Now is the time to launch the first initiative to implement explicit measures to control the size of the regulatory state.
More specifically there has been an increased interest in implementing a regulatory budget as witnessed by the introduction of landmark legislation in the United States Senate and House.
Accordingly CRE has developed a website dedicated exclusively to the implementation of a regulatory budget which is titled Controlling the Cumulative Cost of Regulation.