Public Comments on Regulatory Review (Treasury, GSA, FEMA, State, DOJ, FCA, Interior)
Many federal agencies are requesting the public’s suggestions for rules to repeal or reform, tacitly implying that most regulations stifle economic growth. In comments to several agencies, we argue that regulatory review should consider the public benefits of regulation, not just the costs to regulated industries, and should prioritize review of rules for which actual costs and benefits diverge significantly from predicted costs and benefits. We also recommend that agencies develop prospective plans for regulatory review going forward. The agencies for which we filed comments include the Treasury Department, the General Services Administration, the Federal Emergency Management Agency, the State Department, the Department of Justice, the Farm Credit Association, and the Department of the Interior.