Regulation and Independent Regulatory Agencies
Headline: Independent Agencies Ordered to Review and Update Regulations
What it does: Independent regulatory agencies must publish plans within 120 days to review significant regulations and release retrospective analyses online.
- Requires agencies to conduct regular reviews of major existing regulations.
- Allows modification, streamlining, expansion, or repeal of outdated rules.
- Increases public access to regulatory analysis by posting supporting data online.
Summary
This order asks independent regulatory agencies to regularly review their existing significant rules and to consider changing, simplifying, expanding, or repealing them when appropriate. Agencies are directed to publish a plan within 120 days and to release supporting data and analysis online when possible.
It also encourages public participation and consideration of costs and benefits in rulemaking. The goal is to make rules more effective, less burdensome, and more transparent for people, businesses, and government.
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