Commentary Archive

Consistent Inconsistencies

Consistent Inconsistencies: Misclassification of Rules Could Hamper International Regulatory Cooperation

August 26, 2015

By Daniel R. PĂ©rez
International regulatory cooperation is a central component of current U.S. efforts to negotiate international trade agreements. As traditional barriers to trade decline, understanding regulatory impacts on trade and investment is of particular importance for economic growth, given that these agreements include trade partners that accounted for almost $3 trillion in goods and services traded in 2013. Executive Order 13609 tasked executive regulatory agencies with identifying regulations that were likely to have a significant impact on international trade and investment. We examined the performance of agencies in identifying such regulations and our research suggests there is significant room for improvement.

HSGAC

Considering the Cumulative Effects of Regulation

August 10, 2015

By Susan E. Dudley, Director
Longstanding executive and legislative directives require agencies to analyze the expected impact of new regulatory requirements before they are issued. While important, this ex-ante regulation-by-regulation analysis may not account for the cumulative effect of regulations on society or specific sectors of the economy. Dudley's reflections were triggered by insightful questions for the record posed by Senator Joni Ernst after a joint hearing of the Senate Budget and Homeland Security and Government Affairs on June 23 Senate.