Former Senator Blanche Lincoln (D-Ark), and a key architect of the Dodd-Frank Act, urged Howard Shelanski, the new Administrator of the Office of Information and Regulatory Affairs to balance the important role many federal regulations play with the uncertainty they create and costs they impose on job creators. She said that far too many regulations continue to be hastily implemented before thorough consideration is given to all available science and data, public input, and the direct and indirect impacts they will have on businesses.
The former Chair of Senate Agriculture Committee, and author of Title VII of the Dodd-Frank Act, asked the OIRA chief to reassurance small businesses that he will not heed calls to speed up a regulatory process that too often fails to find the right balance or answers because it neglects asking the right questions. She called on OIRA to usher in an era of common sense reforms to make the creation of regulations more transparent, accountable and less harmful to the economy.