Monday, September 23, 2013

The Regulatory Improvement Commission

There are regulations for everything from restaurant menus to walk-in freezers’ energy efficiency. Almost no one denies that the nation’s economy is saddled with some outdated and goofy regulations that have accumulated over the years. And almost no one opposes getting rid of those. Clearly some pruning is in order. The most recent print edition of the Code of Federal Regulations stands at 174,000 pages, spread over 238 volumes. The index alone is 1,142 pages long!
There is only one problem. The reason we say “almost no one” is that the people best positioned to do something about the problem are precisely those with the least incentive to do so — regulatory agencies themselves. No bureaucracy would voluntarily reduce the size and scope of its mission and its budget. Agencies seek to grow, in terms of both authority and budget. So we cannot look to the regulators themselves for relief.
Instead, reform must come from outside. One such approach is the Regulatory Improvement Act of 2013, introduced by Senators Angus King (I-ME) and Roy Blunt (R-MO). The bill would establish an independent Regulatory Improvement Commission, which would identify rules ripe for repeal and send them to Congress.

http://spectator.org/archives/2013/09/23/the-regulatory-improvement-com 

No comments: