From: Inside Sources
Federal regulators issue thousands of rules and regulations every year. Decrees range from the Environmental Protection Agency’s gargantuan Clean Power Plan and “Waters of the United States” directives, down to regulations on breath mint serving sizes and multivitamins with selenium being treated as toxic waste.
The Reagan order required that the benefits of new major regulations outweigh the costs. The order also formalized White House Office of Management and Budget “audit” responsibilities. Today, that basic process still exists, but subsequent executive orders “reaffirm(ed) the primacy of Federal agencies in the regulatory decision-making process” — in other words, weakening central White House review. A new president could restore that authority and boost OMB’s oversight resources.