Should Agencies Assess the Employment Impact of Regulation?

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In his last State of the Union address, President of the United States Barack Obama emphasized the fight to red tape as one of the most urgent priorities of its administration spurring debate among experts of better regulation. In particular, former administrator of the Office of Information and Regulatory Affairs (OIRA) Cass Sunstein advanced a few proposals to cut red tape on Bloomberg View:

  • Require agencies to estimate the employment effects of rules that are especially expensive
  • Require agencies, by statute, to produce an annual report on progress in burden reduction
  • Enact into law the cost-benefit requirements imposed on agencies and extend cost-benefit discipline to agencies insulated from presidential control
  • Constrain the practice of “interim final rules” (which become final without public comment since they are meant to be provisional) which are rarely revisited by agencies.

Read the full article here.

(Fabrizio Di Mascio)

Credits photo: Christian Schnettelker www.manoftaste.de CC BY 2.0