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SUSAN E. DUDLEY DIRECTOR GW REGULATORY STUDIES CENTER RESEARCH PROFESSOR TRACHTENBERG SCHOOL OF PUBLIC POLICY AND PUBLIC ADMINISTRATION CONSTRUCTION INDUSTRY.

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Presentation on theme: "SUSAN E. DUDLEY DIRECTOR GW REGULATORY STUDIES CENTER RESEARCH PROFESSOR TRACHTENBERG SCHOOL OF PUBLIC POLICY AND PUBLIC ADMINISTRATION CONSTRUCTION INDUSTRY."— Presentation transcript:

1 SUSAN E. DUDLEY DIRECTOR GW REGULATORY STUDIES CENTER RESEARCH PROFESSOR TRACHTENBERG SCHOOL OF PUBLIC POLICY AND PUBLIC ADMINISTRATION CONSTRUCTION INDUSTRY ROUNDTABLE SPRING CONFERENCE, MAY 2012 Prospects for Regulatory Reform

2 Budgetary Costs of Federal Regulation Adjusted for Inflation Source: Weidenbaum Center, Washington University and the Regulatory Studies Center, the George Washington University. Derived from the Budget of the United States Government and related documents, various fiscal years. 2

3 Views on regulation changing September

4 Too much, too little, just right? The regulatory tsunami poses the single biggest challenge to jobs, our global competitiveness and the future of American enterprise. – U.S. Chamber President Donahue, 1/2011 I’ve approved fewer regulations in the first three years of my presidency than my Republican predecessor did in his. – President Obama SOTU 2012  All: 886 vs. 931 (Bush 5% > Obama)  Economically significant: 177 vs. 126 (Obama 40% > Bush)  Major: 179 vs. 112 (Obama 60% > Bush) 4

5 # Economically Significant Final Regulations Published in Presidential Year (Feb-Feb) 5

6 Presidential Oversight President retained & reinforced oversight & analysis  Retained OIRA – Cass Sunstein  2011 Executive Orders  Retrospective review & IRCs Aware of public concern  Media offensive denying increase in regulatory activity  Regulations delayed or revisited  Ozone NAAQS  Boiler MACT  Positive train control  Rear view cameras  Longer OIRA reviews 6

7 Economically Significant Rules Underway 7

8 Legislative Reforms: Procedural 8 Congressional accountability  REINS Act  Congressional regulatory oversight office Regulatory development  Moratoria  Regulatory Accountability Act  ANPRM  Public hearings  Judicial review Retrospective review  President Obama E.O  Regulatory PayGo

9 Legislative Reforms: Decision Criteria 9 Analytical considerations  Nature, significance and priority of problem  Alternative remedies  Costs, benefits (direct & indirect)  Adopt least-cost approach  Small entity impacts OIRA Role  President Obama reinforced  Codify in legislation  Independent Regulatory Commissions


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