Building a Regulatory Budget: What to Know and Where to Start
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.
Event Speakers

Keith Hall
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