The Obama Administration announced its plan for regulatory reform today, with proposals submitted by over 26 federal agencies to fit their operations’ costs into the shrinking fiscal budget, while adding some business-friendly features as part of the reform. In a statement, the administration said the reform is geared toward reducing costs, simplifying the system, and eliminating redundancy and inconsistency.
“Today’s cost-reducing reforms complement, and do not displace, our continuing efforts to safeguard public safety and our environment,” said Cass Sunstein, the administrator of the Office of Information and Regulatory Affairs in a statement. The agencies’ reforms are in response to President Obama’s directive earlier this year for departments to eliminate red tape and streamline current requirements.
