Building a Regulatory Budget: What to Know and Where to Start

The concept of a regulatory budget in the United States began as a bipartisan effort by Senator Lloyd Bentsen (D) and Representative Clarence J. Brown (R) in 1978. In recent decades, experiments in regulatory budgeting have produced results that have rekindled interest in its potential use in the US. With the President’s executive order on “Reducing Regulation and Controlling Regulatory Costs” and renewed interest in Congress, there is greater attention paid to the relationship between regulation and economic growth.

On June 8, the Mercatus Center at George Mason University held a discussion on creating a functional regulatory budget in the US.