Last week, President Obama ordered a review of US Regulations to remove rules perceived to be outdated, stifling job creation, and making our economy less competitive in the world marketplace. In an editorial in the Wall Street Journal, he described it as thus:
“This order requires that federal agencies ensure that regulations protect our safety, health and environment while promoting economic growth. And it orders a government-wide review of the rules already on the books to remove outdated regulations that stifle job creation and make our economy less competitive. It’s a review that will help bring order to regulations that have become a patchwork of overlapping rules, the result of tinkering by administrations and legislators of both parties and the influence of special interests in Washington over decades.”
