From: RegBlog | Penn Program on Regulation
Regulation sometimes leaves businesses with as many questions as answers. Does a project fall within a given agency’s regulatory scheme? If it does, then what exactly does that regulation require businesses to do – and at what cost? These uncertainties may well even discourage investment and stifle the economy.
To alleviate these concerns, a committee of the Administrative Conference of the United States (ACUS) is considering recommendations that agencies increase their use of declaratory orders whenever a regulated party wants to know whether its business practices fall under an agency’s regulatory ambit.