Promoting International Regulatory Cooperation
Headline: Federal Agencies Directed to Boost International Regulatory Cooperation
What it does: Agencies must include international cooperation details in regulatory plans, mark rules with international impacts online, and consider foreign regulatory approaches to reduce differences.
- Requires agencies to report international cooperation activities in their regulatory plans.
- Mandates labeling of significant rules with international trade or investment impacts online.
- Encourages consideration of foreign regulatory approaches to reduce unnecessary differences.
Summary
This order directs federal agencies to increase international regulatory cooperation when making and reviewing rules. It asks agencies to describe expected international cooperation in their regulatory plans, to mark major rules that affect trade on public rule-tracking websites, and to consider foreign regulatory approaches that could reduce unnecessary differences.
The order also tasks a government working group, led by the office that reviews regulations, to coordinate these efforts and issue guidance. It aims to help U.S. businesses compete and make regulations more consistent across countries.
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