The (Not So) New Executive Order on Regulatory Review, and What to Expect
President Obama signed an Executive Order on January 18, 2011, requiring federal agencies to design cost-effective, evidence-based regulations that are compatible with economic growth, job creation, and competitiveness. The guiding principles include analysis of costs and benefits, transparency, public participation, coordination of regulations among agencies, flexibility, and reliance on objective scientific evidence. Perhaps most significantly, the EO requires a review of existing regulations according to these principles.