Thursday, December 27, 2012

Regulations? What Regulations?

So say the ones making them:
The Obama administration is pushing back against critics who have accused the president of unleashing a “regulatory tsunami” against the business community.

In a long-delayed report from the White House Office of Management and Budget, released just before the long holiday weekend, a senior administration official, speaking “on background,” said the list of new regulations for 2013 is actually shorter than it was in 2011 and 2012.

“This 2012 agenda makes clear that there is no ‘regulatory tsunami’ coming from this administration,” the source said. “It actually includes slightly fewer economically significant active rulemakings from executive agencies than the previous two agendas.”

In his background comments on the report, the administration official pointed out that just because a proposed rule makes the report doesn’t mean the agency will go through with it. The rules must undergo “serious scrutiny” before that happens. In fact, in 2012, only 43 of the 132 economically significant rules that were in the last agenda have been finalized.
I'm sure they'll give any new rules the same scrutiny they've already done.

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