From: Notice & Comment | A Blog from the Yale Journal on Regulation and the ABA Section of Administrative Law & Regulatory Practice
by Jim Tozzi
IWP News has published a thought-provoking series of articles dealing with “the deregulatory efforts of the Trump administration.” One such article reports on the views from third parties on the regulatory budget:
“White House efforts to establish a first-time “regulatory budget” would be assisted by the development of a cross-sector, “national constituency” in support of regulatory reviews conducted by the Office of Management and Budget.
OMB’s Office of Information and Regulatory Affairs will require cross-sector support as OIRA expands its product line from the review of individual regulations to the implementation of a regulatory budget and possibly review of the regulations issued by independent agencies.”
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The creation and execution of a regulatory budget will eventually require OIRA to promote the implementation of a number of regulations, constituting a major change from its negative image of resisting regulation. This realization could lead to the formation of a national constituency for OIRA, a necessary requirement if it is to be successful in addressing the three issues identified above.