OMB’s Office of Information and Regulatory Affairs Issues New Guidance to Accelerate Deregulatory Actions
On October 21, the Office of Information and Regulatory Affairs (OIRA) in the White House Office of Management and Budget (OMB) issued a memorandum aimed at providing guidance for “Streamlining the Review of Deregulatory Actions” to federal agencies. The guidance follows recent Executive Orders (EOs) and a Presidential Memorandum issued earlier in the Trump Administration that emphasized the Administration’s focus on deregulation as a driver of economic growth and government efficiency.
Biden Administration Advances Overhaul of Regulatory Review Processes
On April 6, 2023, President Joe Biden signed an executive order (EO), “Modernizing Regulatory Review,” amending President Bill Clinton’s EO 12866, which has served as the foundation for regulatory review and analysis across administrations for nearly 30 years. The following day, the White House Office of Management and Budget (OMB) issued several related actions. These included proposed revisions to guidelines for benefit-cost analysis and processes for public participation in the regulatory review process.
