Howard Shelanski: Agencies’ Retro-Regulation Review Efforts Net $28B in 5-Year Savings

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WhiteHouseHoward Shelanski, administrator of the White House Office of Information and Regulatory Affairs, has said the first of the 2016 biannual retrospective reviews of regulations that government agencies released have identified at least 50 new “lookback initiatives.”

Shelanki wrote in a White House blog published Friday that such initiatives aim to update regulations, pinpoint gaps and reduce regulatory burden for businesses as well as state and local governments.

He said the retrospective review program that aims to improve efficiency at government agencies through revisions and eliminations of current regulations has resulted in net savings of approximately $28 billion over five years since President Barack Obama launched the program in 2011.

Shelanksi cited the efforts of the Small Business Administration to reduce the number of forms that applicants need to submit for the 8(a) Business Development Program, which aims to offer assistance to minority and low-income entrepreneurs.

The Federal Aviation Administration has initiated efforts to reduce regulatory burden for companies with the introduction of performance-based standards for manufacturers of small types of airplanes, he added.

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