Obama Launches Review to Target 'Excessive' Regulations

Published on
by
The Hill

Obama Launches Review to Target 'Excessive' Regulations

by
Elise Viebeck

President Obama said Tuesday he will sign an executive order to trim outdated and ineffective regulations that impede economic growth. (REUTERS/Jason Ree)

President Obama said Tuesday he will sign an executive order to trim
outdated and ineffective regulations that impede economic growth.

In an op-ed in The Wall Street Journal,
Obama said the country's complex regulatory structures have sometimes
had a "chilling effect" on job growth and, giving a nod to the
priorities of the new House Republican majority, observed that small
businesses often feel that burden.

"We're looking at the system as a whole to make sure we avoid
excessive, inconsistent and redundant regulation," he said. "And
finally, today I am directing federal agencies to do more to account for
- and reduce - the burdens regulations may place on small businesses.
Small firms drive growth and create most new jobs in this country. We
need to make sure nothing stands in their way."

Obama has taken
pains to ease his relationship with an alienated business community in
light of major legislative achievements - Wall Street reform and the
healthcare overhaul among them - that some say have hurt job creation.

"Where
necessary, we won't shy away from addressing obvious [regulatory] gaps.
... But we are also making it our mission to root out regulations that
conflict, that are not worth the cost, or that are just plain dumb," he
wrote.

In practice, Obama said, the executive order will also
eliminate unnecessary paperwork and help ensure that the government
conducts more of its business online.

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