Myth: Obama is overegulating business. The Office of Management and Budget argues that the cost of new regulations in the Obama administrations first three years was lower than the previous three years, under the George W. Bush administration. Agencies issued 886 final rules in the Obama administrations first three years, compared with 931 in the final three Bush years. Obama officials, irking many consumer advocates and liberal watchdog groups, have delayed implementation of some new rules (including on food safety) and required federal agencies to reduce the costs of existing regulations......... The Business Roundtable, an organization of chief executives, issued a statement hailing the administrations effort to enact reforms that streamline the regulatory process, engage regulated parties earlier in the process and take account of the cumulative impact of regulations.
Posted on: Sat, 03 Jan 2015 20:52:42 +0000
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