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  Lecture Series Committee
Presented its First Lecture of the 2005-06 Regulatory Reform Series
at George Mason University School of Law
"The Impact of Federal Regulation on the Economy and Small Business"This event was held: November 29, 2005
Topic:
Independent studies have tallied the burden of regulatory compliance in the U.S. to be $700 billion a year, or $8,000 per American household. The Department of Commerce's 2004 report: Manufacturing in America, concluded that regulatory reform is essential to the continuing competitiveness of U.S. manufacturing. Members of the House and Senate have introduced dozens of bills to bring about structural regulatory reform. The Office of Information and Regulatory Affairs (OIRA) has made reform a top internal priority. This panel of experts will discuss the impact of federal regulation on the economy and small business, and shed light on some of the key proposals for regulatory reform.
Listen to the audio of this event on The Law and Economics Podcast:
Speakers included: - The Honorable John Graham, OIRA Administrator
- The Honorable Sally Katzen, former OIRA Administrator, Clinton Administration.
- Barry Pineles, Counsel, US House of Representatives, Small Business Committee
- James Gattuso, Research Fellow in Regulatory Policy, The Heritage Foundation
Moderator: Susan Dudley, Director, Mercatus Center's Regulatory Studies Program
Event Summary
The panel’s lively debate touched on such topics as the cost of a regulation and how to calculate it, whether the federal government should make a significant effort to review old regulations, and the proper role of Congress in overseeing the promulgation of regulations. Graham stated that OIRA is neither for nor against regulation per se; rather its goal is to help agencies issue “smart regulations” that achieve a balance between a rule’s costs and benefits...[more]
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