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Regulatory experts push Senate leaders for regulatory reform

Regulatory experts push Senate leaders for regulatory reform
© Greg Nash

Regulatory experts are pushing Senate leadership to reform the rulemaking process.

Former administrators for the White House Office of Information and Regulatory Affairs, including Susan Dudley, John Graham and Howard Shelanski, joined professors and research fellows in a letter to Senate Majority Leader Mitch McConnellAddison (Mitch) Mitchell McConnellWhen it comes to Georgia's voting law, keep politics out of business Pelosi to offer even split on 9/11-style commission to probe Capitol riot Senate GOP crafts outlines for infrastructure counter proposal MORE (R-Ky.) and Minority Leader Charles SchumerChuck SchumerOn The Money: Yellen touts 'whole-of-economy' plan to fight climate change | Senate GOP adopts symbolic earmark ban, digs in on debt limit Hillicon Valley: Tech companies duke it out at Senate hearing | Seven House Republicans vow to reject donations from Big Tech Lawmakers reintroduce bill to invest billions to compete with China in tech MORE (D-N.Y.) calling for legislation that requires all federal agencies to conduct rigorous cost-benefit analyses and retrospective reviews of regulations.

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“While the evidence on how regulations and the economy interact is mixed, we all agree that major rules that have become obsolete or costlier than expected, over time can reduce productivity, increase costs, and lower economic output; in economic terms, this means increased deadweight loss that prevents the U.S. economy from achieving its potential,” the groups wrote in the Thursday letter. 

“Research also shows that regulatory uncertainty can have a chilling effect on investment and growth.”

While the letter doesn't support and specific piece of legislation, Sens. Rob PortmanRobert (Rob) Jones PortmanHarris casts tiebreaking vote to advance Biden nominee The Hill's Morning Report - Presented by Facebook - After historic verdict, Chauvin led away in handcuffs How to save the Amazon rainforest MORE (R-Ohio) and Heidi HeitkampMary (Heidi) Kathryn HeitkampBill Maher blasts removal of journalist at Teen Vogue Centrist Democrats pose major problem for progressives Harrison seen as front-runner to take over DNC at crucial moment MORE (D-N.D.) introduced a bill earlier this year to reform the regulatory system.

That measure would enact the experts’ suggested changes and goes a step further, forcing federal agencies to chose the “most cost-effective” ways to regulate.

The Senate Homeland Security and Government Affairs Committee passed the Regulatory Accountability Act in May as part of a package of reform proposals.

Pro-regulatory groups, however, have criticized the Portman-Heitkamp legislation, saying that requiring agencies to adopt the "least-costly" regulation is a giveaway to big business. 

The experts admit the proposals aren't perfect. 

“While some among us think the pending proposals still need additional refinement, we all agree that work should be completed by Congress through a bipartisan process as soon as possible,” the group wrote.