^®: CRE Regulatory Action of the Week

CEI Issues Report on Regulatory Reform
The Competitive Enterprise Institute ("CEI") has issued an important and thought-provoking report entitled Reviving Regulatory Reform: Options for the President and Congress. The report states that its purpose is to "reinvigorate public debate on regulatory reform, and help policymakers fashion a more affordable, effective, and accountable regulatory system." Among its many interesting recommendations for regulatory reform are:

• OMB should produce an annual regulatory report card for the agencies.



• OMB should create new categories of major rules that encompass the full cost of rules.



• OMB should extend to independent agencies its review under statutes like the Paperwork Reduction Act and the Information Quality Act.



• OMB should affirm that the Information Quality Act's petition process applies to rulemaking information, and that agency responses to petitions are subject to judicial review.