Reforming Regulation: Policies to Counteract Capture and Improve the Regulatory Process
Center for American Progress, 2016
13 Pages Posted: 31 Dec 2016 Last revised: 24 Feb 2017
Date Written: November 1, 2016
The U.S. regulatory system has room for improvement. In particular, there are two areas that deserve greater attention. First, despite its many procedural protections, the regulatory process is in practice skewed in favor of industry interests. Second, regulators are often delayed in meeting their statutory obligations. Improving the regulatory process will require strategies to reduce delays and inaction and to counteract what is termed regulatory capture — when regulation is skewed toward regulated industry to the detriment of the public interest.
Keywords: administrative law, regulation, OIRA, regulatory capture
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