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

Jun 08, 2017

Check-In and Lunch: 12:15 p.m. – 12:45 p.m.

Program: 12:45 p.m. – 3:30 p.m.

See below for additional program details.

Dirksen Senate Office Building, Room 608 2nd Street, NE Washington, DC 20002

Event Speakers

William Beach

Vice President

Patrick McLaughlin

Director of the Program for Economic Research on Regulation

Susan Dudley

Director, George Washington University Regulatory Studies Center

Senator Mike Enzi

Chairman, Senate Budget Committee

Keith Hall

Director, Congressional Budget Office

Senator Ron Johnson

Chairman, Senate Committee on Homeland Security & Governmental Affairs

Jitinder Kohli

Managing Director in Public Sector Practice, Deloitte

Marcus Peacock

Executive Vice President, Business Roundtable

Paul Winfree

Director, Budget Policy for the White House

Event Video

 

Please join the Mercatus Center on Thursday, June 8 for a discussion on creating a functional regulatory budget in the US.

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.

The event will discuss and address:

  • How a regulatory budget can manage economic effects of regulation;
  • Lessons learned from other nations that have implemented and sustained a regulatory budget;
  • The agency role in implementation and how CBO, BEA, and OIRA can work together; and
  • What Congress can do to encourage a functional regulatory budget.

Agenda

12:15 p.m. - 12:45 p.m.    Check-In & Lunch

12:45 p.m. - 12:50 p.m.    Introduction

  • Patrick McLaughlin, Director of the Program for Economic Research on Regulation, Mercatus Center  

12:50 p.m. - 2:00 p.m.    Panel I: Regulatory Budget in Practice, An International Perspective from Canada and the United Kingdom

  • Jitinder Kohli, Managing Director in Public Sector Practice, Deloitte
  • Marcus Peacock, Executive Vice President, Business Roundtable
  • Susan Dudley, Director, George Washington University Regulatory Studies Center (Moderator)

2:00 p.m. - 2:40 p.m.    Panel II: The Economic Infrastructure Necessary for Implementing a Regulatory Budget:

  • Keith Hall, Director, Congressional Budget Office
  • Paul Winfree, Director, Budget Policy for the White House
  • Bill Beach, Vice President for Policy Research, Mercatus Center (Moderator)

2:40 p.m. - 3:00 p.m.    Remarks

  • Chairman Ron Johnson (WI), Senate Committee on Homeland Security and Government Affairs

3:00 p.m. – 3:30 p.m.    Remarks

  • Chairman Mike Enzi (WY), Senate Committee on the Budget