Treasury Seeks Comments on its Plan to Review Significant Regs
The Treasury Department is requesting comments to assist it in developing a preliminary plan to periodically review existing significant regulations and to submit suggestions as to which Treasury regulations should be modified, expanded, streamlined, or repealed, pursuant to Executive Order 13563, "Improving Regulation and Regulatory Review."1
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Comments are due by April 29, 2011.
Treasury Seeks Comments on Two Areas of Interest, Lists Questions
The Treasury Department invites public comments on two areas of interest. First, comments are invited concerning the development of its preliminary plan to periodically review existing significant regulations. Second, Treasury invites comments about which regulations should be modified, expanded, streamlined, or repealed in order to make the Department’s regulations more effective or less burdensome or both.
Although Treasury welcomes general comments, in addressing these two areas, commenters are encouraged to respond to the questions below:
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 Are there Treasury rules that are outdated or contrary to recently enacted statutes, or otherwise in need of updating?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.
1EO 13563 directs each federal agency to develop a preliminary plan, consistent with law and its resources and regulatory priorities, under which the agency will periodically review its existing significant regulations to determine whether such regulations should be modified, streamlined, expanded or repealed to make the agency’s regulatory program more effective and or less burdensome in achieving its regulatory objectives. (See ITT’s Online Archives or 01/19/11 news, 11011915, for BP summary.)