White House Posts 30 Preliminary Plans for "21st Century" Regulations
On May 26, 2011, the White House held a conference call to provide an update on the President’s plan to create a “21st-century regulatory system.” The plan involves agency reviews of existing regulations to determine whether they should be modified, expanded or repealed to make their regulatory program more cost effective and less burdensome in achieving regulatory objectives. During the call, the White House announced that 30 agencies have now identified their “Preliminary Plans for Retrospective Review of Existing Regulations.”
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DHS, Commerce, USDA, DOT, HHS, Etc. List Preliminary Plans
The agencies that have announced their preliminary plans for retrospective reviews of existing regulations, including the following (partial list):
- Department of Homeland Security
- Commerce Department
- Agriculture Department
- Defense Department
- Energy Department
- Health and Human Services
- Justice Department
- State Department
- Transportation Department
- Environmental Protection Agency
- Surface Transportation Board
The White House added that they are encouraging but not requiring independent agencies such as the Consumer Product Safety Commission (CPSC), Federal Trade Commission (FTC), etc to participate.
Plans List Short and Long-Term Initiatives to Cut Regulatory Costs & Burdens
According to the White House, the agency plans list many short-term initiatives to save the public hundreds of millions of dollars in regulatory costs and tens of millions of hours in red-tape and regulatory burdens. In addition, the plans outline certain long-term initiatives that have the potential to save billions of dollars.
(See future issues of ITT for BP summaries of specific agency plans.)
(See ITT’s Online Archives or 01/19/11 news, 11011915, for BP summary of the President’s new regulatory strategy and Executive Order to agencies to conduct these reviews.)