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P ROFESSOR S USAN E. D UDLEY E UROPEAN R ISK S UMMIT 11-12 J UNE 2013 U.S Regulatory Process & Policy.

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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:

1 P ROFESSOR S USAN E. D UDLEY E UROPEAN R ISK S UMMIT J UNE 2013 U.S Regulatory Process & Policy

2 Three Branches of the U.S. Government 2 Make laws Execute laws Adjudicate laws Regulations SEPARATION OF POWERS CHECKS & BALANCES

3 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

4 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

5 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

6 For More Information on US Regulation  RegulatoryStudies.gwu.edu  GW Regulatory Studies Center  Follow us on  Subscribe to Regulation Digest   6


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