10. Reforming the Federal Regulatory Process

10. Reforming the Federal Regulatory Process - 10 Reforming...

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10. Reforming the Regulatory Process Shortcomings of Federal Regulations Poorly drafted basic legislation Insufficient budgets Legislative excess that overloads agencies with impossible tasks and denies them money to carry out tasks Contradictory laws and regulations Lax management and administration in the regulatory agencies, incompetent bureaucrats Interference of special interests in implementation Many things to consider when we look at reforming the regulatory process (not all are things that everyone agrees with) Some things only the Federal government can do set forth national goals for solving major national problems work out the necessary compromises to reconcile conflicts among special interest groups set priorities among energy resources develop ground rules for private industry formulate a national environmental policy that will balance environmental and economic risks establish and maintain our national security establish and control our foreign policy tax to fund the benefits and protections enjoyed by all of us Business has some advantages over the government Private firms run production facilities more efficiently Government accounting is generally to the elusive “last penny” Equal attention is given to important an unimportant aspects of the activity
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