Regulatory: President Obama's Regulatory Review

On Jan. 18, President Obama ordered the heads of all executive agencies to review existing federal regulations to determine if they restrict economic growth and job creation and, if so, to amend or replace them.

This strategy cannot possibly succeed because senior federal executives have different skills and lack the training and experience necessary to determine what steps would create private sector jobs. If the president is serious about increasing economic efficiency, he has a more effective tool available - creation of an advisory committee of non-governmental executives to study and report on unnecessary regulatory and statutory barriers to economic development.

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John Cooney

John F. Cooney is a partner in the Washington, D.C., office of Venable.

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