January 21, 2021
Examining Biden’s Day One Regulatory Actions
On his first day President Biden reversed many significant Trump Administration executive orders dealing with regulatory policy, including changes to emphasize the benefits of regulation. While many of these actions were expected, one notable surprise is that the president issued a memorandum aiming to change how the White House reviews regulations. This shift signals that the Biden Administration plans to lean heavily on regulation to advance its policy agenda, writes AAF’s Director of Regulatory Policy Dan Bosch.
The implication of the memorandum is clear: agencies should focus on regulatory benefits, and the Office of Information and Regulatory Affairs needs to rejigger its existing procedures to help them. While regulations should be more beneficial to society to justify costs, the seeming shift of priorities toward benefits rather than a balanced analysis appears aimed directly at justifying a significant ramp up in federal regulatory activity over the next four years.