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1、PerspectiveCORPORATIONExpertinsightsonatimelypolicyissueInchingTowardReform:Trump’sDeregulationandItsImplementationBenjaminM.Miller,FrankCamm,MarjoryBlumenthal,JesseLastunen,KennethW.MillerheentryofPresidentDonaldTrump’sadministrationhaswithatleasttwopriorregul
2、ations.EO13771canpotentiallyaffectbroughtrenewedenergytothechallengeofreducingtheeverypartoftheeconomytouchedbyfederalregulationthroughTcostofregulation.TheearlydaysoftheadministrationtheOMB’sannualreviewofregulation.2werecharacterizedbyaburstofactivitymeanttor
3、ollbackTheconceptofaregulatorybudgetisnotnew.Supportersofregulation,includingExecutiveorders(EOs)toregulatetheU.S.regulatoryreformhavelongarguedthatthegrowingcostsassoci-financialsystem,enforcearegulatoryreformagenda,andreduceatedwithregulationshaveincreasedpro
4、ductioncostsforbusi-regulationwhilecontrollingregulatorycosts.1OftheEOsissuednesses,thusincreasingconsumerpricesandinhibitingeconomictodate,theonelikelytohavethelargesteffectisEO13771,whichgrowth.3Reformproponentshavealsoexpressedconcernthatseekstoreduceregulat
5、ionandcontrolregulatorycosts.Specifically,currentapproachesforevaluatingtheeffectsofproposedregula-theorderstatesthat,duringfiscalyear(FY)2017,anagencymusttionsusingcost-benefitanalysisarebiasedandthataregulatoryoffsetthecostassociatedwithanynewregulationby“ide
6、ntify-budgetwouldforceagenciestomakehardchoicesaboutprioritiesingtwoexistingregulationsforelimination.”Insubsequentyears,thattheywouldotherwiseavoid.ThequestionsforthisPerspectiveEO13771imposesa“regulatorybudget”approachonagencies,are,howwelldoesEO13771addressr
7、eformproponents’concerns,wherebytheOfficeofManagementandBudget(OMB)assignsaand,perhapsmoreimportantly,whatchallengesdoesitpresentmaximumallowablecostgrowthforplannedregulationswithinfromanimplementationperspective?eachagencythatiscappedatzero.Inotherwords,theco
8、stofanyTounderstandtheseissues,webeginbydiscussingtheconceptnewregulationmustbeoffsetbytheeliminationofcostsassociatedoftheregulatorybudgetandthewaysinwhichproponentsofregu-
