The federal government lacks an independent office to provide retrospective analysis of regulations’ costs and benefits.
Codifying cost-benefit analysis requirements of Executive Order would preempt valuable nuances of current review system.
Congress should resist the popular misconceptions of the critics of benefit-cost analysis.
The White House has just released the first plans for retrospective reviews of existing regulations from thirty agencies, making a notable step toward evidence-based governance.
A proposed act would hinder needed regulations, thereby interfering with the executive branch’s constitutional authority to execute the law.
Agencies can narrow the political gap over regulation by retrospectively measuring the actual impact of their regulations.
Corporate culture affects how antitrust regulators and judges perceive the actions of corporations.
Law gives regulators more responsibility, so agencies need to keep new regulations simple and find ways to attract talented staff.
Obama’s recent order makes promising strides toward improving participation in agency rulemaking.
Elena Kagan’s appointment underscores an important shift in American law toward legislation and regulatory law.
Federal agencies take steps to increase government transparency.
The Obama Administration faces criticism, and lawsuits, after pledges to foster an “open government.”