Presentation on theme: "P ROFESSOR S USAN E. D UDLEY E UROPEAN R ISK S UMMIT 11-12 J UNE 2013 U.S Regulatory Process & Policy."— Presentation transcript:
P ROFESSOR S USAN E. D UDLEY E UROPEAN R ISK S UMMIT 11-12 J UNE 2013 U.S Regulatory Process & Policy
Three Branches of the U.S. Government 2 Make laws Execute laws Adjudicate laws Regulations SEPARATION OF POWERS CHECKS & BALANCES
U.S. Regulatory Process Authorizing legislation Unified Agenda Draft proposal Executive review Public comment Revisions Executive review Final rule published Congressional review? Judicial review? 3 Guided by the Administrative Procedure Act of 1946
US Regulatory Impact Analysis Tailored to significance of action More than benefit-cost analysis Identify compelling public need Weigh alternatives Assess risks of alternative policies Estimate incremental benefits & costs Well established Executive Orders Executive oversight & interagency review 4
Key Areas for Improvement Distinguish between scientific and policy issues “Politicized science,” or “scientized policy?” Avoid normative-positive fallacy Transparent treatment of uncertainty Legislator accountability Consider impacts when legislation enacted? Approval of implementing regulations? Examine regulatory outcomes Were ex ante predictions accurate? What has worked? What hasn’t? 5
For More Information on US Regulation RegulatoryStudies.gwu.edu Facebook @ GW Regulatory Studies Center Follow us on Twitter @RegStudies Subscribe to Regulation Digest RegulatoryStudies@gwu.edu SDudley@gwu.edu 6
Your consent to our cookies if you continue to use this website.