Editor’s Note: A Regulatory Budget would change the forecast.
As RegBlog celebrates its five-year anniversary, what will the regulatory world look like during the next five years? More acrimony, legal and political battles, debate about the role of the White House Office of Information and Regulatory Affairs (OIRA)? Yes to all, regardless of which party occupies the White House in 2017.
Yet even with a unified conservative government, do not expect every regulatory reform measure to pass or even to alter the regulatory world significantly. A strict budget could accomplish the latter notion, but logistics and political concerns would likely shutter any attempt. The modern regulatory environment was created over decades, and given the general inertia in Washington, D.C., one or two reform bills will not undo the system. However, they could make notable changes at the margins: fewer major rules, more procedural requirements for agencies, a stronger OIRA, and greater oversight of independent agencies.