President Obama believes that regulatory reform is a straightforward and commonsense way to promote business growth while still protecting consumers. He's made it a clear priority for his administration.
Earlier this year, he directed federal agencies to identify ways that the government can develop simpler, smarter rules to promote economic growth and innovation, eliminate waste and unnecessary burdens, and continue to protect public health and safety.
This unprecedented effort was no small order. But, over the past four months, agencies and departments government-wide have worked with the American public—as well as businesses large and small—to figure out what works and what doesn't.
Today, 30 government agencies released initial plans for reform that could save billions of dollars and jumpstart industries and entrepreneurship across the country.
For example, the Occupational Safety and Health Administration (OSHA) has proposed cutting the unnecessary government paperwork that employers are required to fill out. This will save more than $40 million in annual costs and eliminate more than 1.9 million hours in reporting burdens—almost 2 million work hours that could be spent more productively.
In today's Wall Street Journal, Cass Sunstein, administrator of the White House Office of Information and Regulatory Affairs and the official charged with overseeing this effort, writes that figuring out how to make regulation work for the American public and business requires everyone's input:
The initial review announced today is just the start of an ongoing process. Our goal is to change the regulatory culture of Washington by constantly asking what's working and what isn't. To achieve that goal, we need to obtain real-world evidence and data. We also need to draw on the experience and wisdom of the American people—which is why the president has put an emphasis on asking the public for their comments, ideas and suggestions. And so, before today's plans are finalized, the public will weigh in.
Find out more about what the agencies are proposing, and be a part of the process by adding your own comments and questions.