全球智库信息集成服务系统

The Regulatory Budget Offered on EO 13771 Is Unlikely to Fully Address Proponents' Concerns

• While it does seek to reduce costs, it does little to address proponents' concerns that bureaucracies have tended to overestimate benefits and underestimate costs.
• The EO does provide a mechanism for requiring regulators to prioritize between alternative regulations, but the process regulators will likely use to make those decisions is the same process that proponents of regulatory budgets argue is biased.

Much Work Remains to Successfully Address the Issue of Organizational Culture and the Ways in Which That Culture Is Likely to Influence the Implementation of a Regulatory Budget

• While aspects of reform, such as the call for retrospective analysis in EO 13777, can be a key part of instituting the cultural changes necessary to make a regulatory budget effective, the "two-for-one" approach of EO 13771 reinforces a regulatory mindset that focuses on which regulations to cut rather than how to most efficiently reduce regulatory burden.
• Without further changes in guidance, regulators are unlikely to focus on the kinds of changes in how to regulate that have accounted for most of the cost savings generated by the UK's regulatory budget.