Posted on 04/30/2023 7:30:34 AM PDT by E. Pluribus Unum
One of the very first things President Joe Biden did after taking the oath of office was to order federal agencies to revamp the way they evaluate the costs and benefits of regulations.
It went largely unnoticed amid the flurry of executive orders in Biden's first days, but that January 20, 2021, memo to the heads of departments and executive agencies signaled the administration's intention to rev up the regulatory state by counting "non-quantifiable" benefits of new regulations. As Reason reported at the time, the memo made clear that the new regulatory framework would serve "as a tool to affirmatively promote regulations."
It took more than two years for the other shoe to drop, but earlier this month it did. In an executive order signed on April 6, Biden fleshed out the details of how the new regulatory regime will operate. There are three major changes.
First, the executive order changes the threshold for what counts as an "economically significant" regulation from $100 million to $200 million—and orders the new, higher threshold to continue rising with inflation. Because regulations deemed to have economically significant costs are subject to additional layers of scrutiny before being approved, this change would expand the number of regulations that could be approved without that additional oversight.
Secondly, Biden's new rules instruct federal agencies to "promote equitable and meaningful participation by a range of interested or affected parties, including underserved communities." This push for greater equity is so complicated that it requires a separate 10-page memo explaining how to implement it. That includes new guidance for how the White House's Office for Information and Regulatory Affairs should "facilitate the initiation of meeting requests" from groups that have "not historically requested such meetings, including those from..."
(Excerpt) Read more at reason.com ...
Why not? No one will stop them.
I fear this will be a full on communist state before I have a chance to die.
Woodrow Wilson and Theodore Roosevelt are very proud. - the original titans of American regulation.
TEAM OBAMA and the new communist america.
Fascism. Uncharted waters indeed!
One of the very first things President Joe Biden staff did....
Biden is only a mascot for the stooge crew the party set up.
THIS item is one that Trump will kill within hours of being elected.
Biden’s handlers ruling by decree.
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