In January of this year, the President emphasized that our regulatory system “must measure, and seek to improve, the actual results of regulatory requirements.” With this point in mind, he ordered an unprecedentedly ambitious government-wide review of existing federal regulations. He directed agencies and departments to produce plans to eliminate red tape and to streamline current requirements.
Today, we are announcing that agencies are releasing their final regulatory reform plans, including hundreds of initiatives that will reduce costs, simplify the system, and eliminate redundancy and inconsistency.
As the plans demonstrate, a great deal has been achieved in a short time. Significant burden-reducing rules have been finalized or publicly proposed from the Department of Labor, the Environmental Protection Agency, and the Department of Transportation. These rules are expected to save more than $4 billion over the next five years.
Source: http://www.whitehouse.gov/blog/2011/08/23/final-regulatory-reform-plans-will-save-money-reduce-waste
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