Improving the federal regulatory process is critical to the continued growth and competitiveness of the U.S. economy. Targeted regulations to protect health and safety are an important function of government, but the regulatory state has increased dramatically in size and scope over the past 40 years to the point that it now touches every corner of the American economy. The ACCF’s Regulatory Improvement Project is aimed at finding commonsense and bipartisan ways to improve the rulemaking process to ensure a fair and level process for American businesses.
The mere act of reevaluating a permitting process intended to protect the environment is not, in itself, pretext for allowing manufactures to pollute more. Environmental regulations, like all regulations, need to be evaluated with respect to their mandated purpose.
The Trump administration has been undertaking a massive deregulation effort in order to get rid of regulations that are counterproductive and do not meet reasonable cost-benefit tests. This will reduce the direct regulatory expenses made by government but will cause a far larger reduction in private business and personal expenses made to support regulations.
The alarming growth of federal guidelines, directives and rules are outpacing the ability to effectively oversee their impact. Congress should empower OIRA to meet the challenge.
Research & Publications
This paper is a result of a November 16, 2016 bipartisan roundtable discussion identifying ten specific issues and beginning the dialogue on finding solutions.
The unrestrained growth of the federal regulatory state impedes U.S. economic growth and disproportionately affects America’s small businesses and entrepreneurs, according to a new report released today by the American Council for Capital Formation Center for Policy Research. The report – A Smart Regulatory Process for Entrepreneurs and Small Businesses – details how the burden of federal regulation falls unevenly on the small businesses that are major drivers of innovation, productivity, growth, and job creation in the U.S. economy.
As the attention of the nation and world leaders turn to Washington, D.C. to see what issues the new 115th Congress and administration of President Donald Trump are championing in 2017, the American Council for Capital Formation and its affiliated Center for Policy Research have developed a broad set of policy recommendations on tax reform and improvements to the federal regulatory process, particularly in the energy, environment, and financial services spaces, to guide and focus discussions both on Capitol Hill and downtown. Read the full memo.