This working paper by Mercatus Center visiting Fellow Henry Wray recommends specific changes to current regulatory reform statutes and executive
Federal rules are a key tool for implementing many important governmental policies that directly affect the lives of all our citizens in such areas as public health and safety, environmental quality, and the sound functioning of financial institutions and markets. At the same time, federal rules impose heavy costs and burdens on business and other organizations, state and local governments, individual citizens, and the economy as a whole. It is essential that rules be effective.