Despite bipartisan efforts to reform the regulatory state, the number and cost of rules in the Code of Federal Regulations continues to climb. Click through to explore the history and impact of regulatory reforms since 1942.
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Executive orders are directives passed down directly by the president. While they carry weight, they are far less intrusive or impactful as statutes.
Government statutes are regulations instituded by congressional approval (?) and can have a serious impact on the efficiency, profitability, and feasability of small businesses throughout the country.
Over the past 70 years, Democrats and Republicans alike have passed 30 major reforms to make regulatory agencies more efficient and data-driven.
The result? We're subject to a complex web of We're subject to a complex web of nearly 1.1 million federal regulatory restrictions, and that doesn't include overlapping state and local regulations! We spend almost 10% of our GDP, $16,000 per American household, each year on federal compliance, and have no reliable estimate of the social benefits we get in return.
Small businesses who can't afford massive legal and compliance departments are the hardest hit, often facing unexpected litigation and penalties for rules they didn’t even know existed. As it becomes more risky and expensive to own a business, fewer and fewer Americans are starting new ventures:
If politicians all agree on the need to take action, why has nothing worked? In sum:
- Congress continues to pass complex laws mandating more agency regulations.
- Regulators have no incentive to streamline or eliminate outdated, conflicting, or poorly written rules.
- Reforms typically layer on more reporting requirements, but stop short of setting quantitative goals for improving regulations.
Argive is building a new approach to modernizing regulation using the power of open data and large-scale citizen feedback. But sophisticated technology and data science alone cannot not solve the problem, we need government partners who are aligned to achieve positive regulatory outcomes. This timeline lays out the shortcomings of previous reform efforts to inform more effective policy strategies going forward.