Identifying Regulations Affecting International Trade and Investment: Better Classification Could Improve Regulatory Cooperation

From: Regulatory Studies Center | George Washington University

Daniel Pérez, Policy Analyst

***

However, as identified by OMB’s Office of Information and Regulatory Affairs (OIRA), any efforts that “increase regulatory transparency and provide early warnings” contribute to better outcomes in [international regulatory cooperation] IRC. Accordingly, several U.S. initiatives focus on standardizing good regulatory practices (GRP) by engaging its rulemaking agencies in the IRC process. A substantial portion of these efforts is targeted at improving transparency and increasing stakeholder participation via improvements in agencies’ notice -and-comment rulemaking process. Public comment “has been a central element of U.S. regulatory procedure since it was required by the Administrative Procedure Act (APA) of 1946.” [Notes omitted]

Read Complete Working Paper

Leave a Reply