1 Mar 2011
The REINS Act:
Would it work as intended?
by Richard Belzer
in Regulatory Policy
House and Senate Republicans have proposed legislation (HR 10, S 299) intending to substantially change federal regulatory practice. The proposed Regulations From the Executive in Need of Scrutiny Act of 2011 (The "REINS Act").
What is the bill supposed to do? What is it likely to do?
More...21 Jan 2011
Regulatory Review in the Obama Administration:
Clinton and Obama directives compared
by Richard Belzer
in Regulatory Policy
On January 18, President Obama issued an executive order that modifies longstanding principles and procedures for centralized regulatory oversight conducted by by the Office of Management and Budget.
The three tables below provide a side-by-side comparison of the new text with the text of Executive Order 12,866, issued by President Clinton in 1993. To guide readers in making comparisons, text that is underlined is the same in both documents.
Interpreting such texts requires close attention to detail. For this reason, we have color-coded both texts as follows:
GREEN HIGHLIGHT: Directive language (e.g., "shall", "must") with tightly defined verbs (e.g., "identify", "assess", "design", "maximize", "promulgate") often applied to concrete objects (e.g., "net benefits", "duplicative", "burdensome", "least burdensome", "most cost-effective") sometimes comprehensively (e.g., "only").
Objective performance evaluation generally is possible.
YELLOW HIGHLIGHT: Hortatory language (e.g., "should", "may") with loosely defined verbs (e.g., "consider", "promote", "endeavor to provide", "harmonize"), or used to modify directive language ambiguously (e.g., "where feasible and appropriate", "to the extent feasible").
Objective performance evaluation typically is impossible.
Where GREEN text is preceded or followed by YELLOW text, the result is always weaker.
More...
23 Mar 2010
Black Market Economics:
Humboldt County, California
by Richard Belzer
in Regulatory Economics
Mexico is getting a lot of attention for how the illegal drug business has distorted its politics, economy and society. A Dallas Morning News story reports that there have been 4,500 murders in Ciudad Juarez since January 2008.
Black markets affect parts of the United States, too, and not just major urban areas. There is the case of bucolic Humboldt County California, a verdant rain forest hard up on the State's northwest coast.
More...17 Feb 2010
Counting Jobs Created or Saved by the "Stimulus" Bill, Part 5:
On the first anniversary
by Richard Belzer
in Regulatory Economics
Yesterday the White House released the Administration's first annual report on the "stimulus bill" (the American Recovery and Reinvestment Act of 2009, or "ARRA"). The Administration and its critics are sparring over how many jobs the bill "created or saved."
Where do the numbers come from?
More...1 Feb 2010
Counting Jobs Created or Saved by the "Stimulus" Bill, Part 4:
Jobs 'created or saved' becomes jobs 'funded'
by Richard Belzer
in Regulatory Economics
Washington Post staff writer Ed O'Keefe says the "Obama administration's economic stimulus program created nearly 600,000 jobs in the final three months of 2009."
These figures are analogous to those reported three months ago and which caused significant controversy. Initial reporting was rife with errors and relied on a system that impeded error correction.
They are different, however, in ways that make them incomparable with the figures initially reported.
More...23 Jan 2010
Counting Jobs Created or Saved by the "Stimulus" Bill, Part 3:
Estimation replaced by assumption
by Richard Belzer
in Regulatory Economics
Previously, we have noted that the Recovery Accountability and Transparency Board, which is responsible for ensuring accountability and transparency in the reporting of jobs "created or saved" by the American Recovery and Reinvestment Act (ARRA, or "stimulus" bill), was not actually performing this task. Further, the underlying data were invalid and unreliable because the Office of Management and Budget did not specify a consistent estimation methodology.
Recently, Washington Post staff writer Alec MacGillis reported that White House Council of Economic Advisers chairman Christina Romer now claims ARRA "has created or saved between 1.7 million and 2 million jobs."
Examining these figures closely reveals that they are not estimates at all, but assumptions built into the Administration's estimation model.
More...14 Jan 2010
Paperwork Reduction Act
How to improve implementation of the law
by Richard Belzer
in Paperwork Burdens
On October 28, 2009, the Office of Management and Budget solicited comments on its implementation of the Paperwork Reduction Act. The purpose of the PRA is to minimize burdens on the public resulting from the federal government's information requests.
Neutral Source managing editor Richard Belzer submitted comments on his own behalf. These comments eventually will be uploaded by OMB to Regulations.Gov, the Federal government's web portal for all regulatory matters. (Clicking on the link above will reveal a fundamental weakness of the web portal: Unless the agency chooses to include information identifying the name and organizational affiliation of the submitter, there is no way to find any specific comment without opening them all.)
In response to numerous requests, a copy of these comment is posted to the Library.
More...7 Jan 2010
A Pollution Tax or a New Sales Tax?
The District of Columbia charges 5 cents for each disposable shopping bag
by Richard Belzer
in Regulatory Economics
On January 1, the District of Columbia began imposing a a 5-cent "fee" on disposable shopping bags.
Is this a pollution tax, as its backers claim, or just another sales tax?
More...4 Jan 2010
The Market Failure in Mail-Order Brides:
Can State regulation help?
by Richard Belzer
in Regulatory Economics, Regulatory Policy
Washington Examiner reporter Alan Suderman says "Maryland lawmakers are pushing for tighter regulations on the mail-order bride industry."
There is no question Maryland can write more regulations. But can regulation solve market failure?
