Editor’s Note: See, A Website Dedicated to the Implementation of a Regulatory Budget.
From: Competitive Enterprise Institute
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The concept of budgeting is not new, nor partisan. Democratic Texas Sen. Lloyd Bentsen, who served as Treasury Secretary in the Clinton Administration, proposed in the 1979 Disco era an “an annual cap on the compliance costs each agency could impose on the private sector” plus “coordinat[ing] the regulatory and fiscal budgets.” That’s important when considering dynamic scoring, and recognizing regulations affect macroeconomic variables.
Regulatory budgeting was also considered in President Jimmy Carter’s 1980 Economic Report of the President.
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