^®: CRE Regulatory Action of the Week

Treasury Requests Comment on Reducing Regulatory Burden
On March 30, 2011, the U.S. Treasury published Federal Register notice requesting public comment on Treasury's retrospective review under Executive Order 13563. This E.O. sets forth principles and requirements designed to promote public participation, improve integration and innovation, increase flexibility, ensure scientific integrity, and increase retrospective analysis of existing regulations. Treasury seeks public comment on its preliminary plan to review retrospectively its regulations. Treasury also asks for suggestions as to which regulations should be modified, expanded, streamlined, or repealed

Treasury specifically seeks public comment on the following:

"1. What factors should Treasury consider in selecting and prioritizing existing rules for retrospective review?

2. Which regulatory programs are working well and should serve as a model for other Treasury programs?

3. Are there Treasury rules that are outdated or contrary to recently enacted statutes, or otherwise in need of updating?

4. In which Treasury regulations are there opportunities to use new information technologies to improve or ease burdens?

5. How often should Treasury review its existing regulations?

6. Are there any Treasury rules that duplicate requirements or contain conflicting requirements, either with another Treasury bureau or another Federal agency? If so, please identify and explain how these duplicative or conflicting requirements could be modified.

7. How can Treasury improve public outreach and increase public participation in the rulemaking process?

8. Please provide any additional information that will help the Department to develop and implement its preliminary plan for retrospective review of regulations."