President Barack Obama urged independent agencies to consider proposals that would cut paperwork and eliminate outdated rules, broadening his effort to remove or overhaul unnecessary U.S. regulations.
Obama’s order is aimed at bodies such as the Securities and Exchange Commission and the National Labor Relations Board, excluded from the effort among federal departments he started in January to drop rules that stifle economic expansion without helping consumers.
“I hope you see this as an opportunity to something big and lasting -- to change the ways of Washington,” Obama said today in a statement to the agencies. “We are taking immediate steps to eliminate millions of hours in annual paperwork burdens for large and small businesses and save more than $1 billion in annual regulatory costs.”
The administration said in May that more than 30 agencies from the Occupational Safety and Health Administration to the Food and Drug Administration are seeking to repeal or modify regulations to reduce reporting requirements and trim compliance costs. As part of the effort, rules for vapor-recovery systems at gas stations are being dropped and labeling requirements for hazardous materials are being altered.
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http://www.bloomberg.com/news/2011-07-11/obama-urges-independent-agencies-to-shed-burdensome-rules-1-.html