Can Fiscal Budget Concepts Improve Regulation?

NYU Journal

by Susan E. Dudley, Director

June 13, 2016

Read the full article in the NYU Journal of Legislation and Public Policy, Volume 19, Issue 2

Despite efforts to ensure that new regulations provide net benefits to citizens, the accumulation of regulations threatens economic growth and well-being. As a result, Congress is exploring the possibility that applying fiscal budgeting concepts to regulation could bring more accountability and transparency to the regulatory process. This Essay in the NYU Journal of Legislation and Public Policy examines the advantages and challenges of applying regulatory budgeting practices and draws some preliminary conclusions based on successful experiences in other countries.

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See also:

The Regulatory Budget Debate, by Richard J. Pierce, Jr.