According to the National Stone, Sand and Gravel Association (NSSGA), President Obama signed an executive order May 10 to make it a continuing obligation of federal agencies to review their existing regulations for possible modification and elimination.
Cass Sunstein, administrator of the Office of Information and Regulatory Affairs (OIRA), said the new executive order imposes several new requirements on federal agencies, including priority-setting to emphasize reforms that produce significant quantifiable savings, and biannual public reporting on past efforts and future plans, with details and timelines. Most important, agencies are now required to regularly consult with the public about what regulations should be streamlined or repealed.
Sunstein also announced the release of a report issued by the Council of Economic Advisors on the existing regulatory review effort. The report, "Smarter Regulations Through Retrospective Review," says that in 2011 more than two-dozen agencies offered more than 500 reform proposals, 50 of which have been implemented, resulting in more than $10 billion in savings over the next 10 years.
NSSGA supports both administration and legislative initiatives to reduce the regulatory burden on aggregates operations specifically and business generally. Overregulation is crushing business development and job creation at a time when the administration and lawmakers need to be encouraging business development and the requisite job creation.