• President Obama Signs Executive Order to Require Rulemaking and Regulatory Review
  • January 25, 2011 | Authors: William Clarkson; Claudia A. Hrvatin; Thomas J. Spulak; Cynthia A.M. Stroman
  • Law Firm: King & Spalding LLP - Washington Office
  • In a January 18 Wall Street Journal op-ed entitled, “Toward a 21st Century Regulatory System,” President Obama announced provisions of a new Executive Order aimed at “addressing burdens that have stifled innovation and have had a chilling effect on growth and jobs.” The Executive Order, signed by the President that same day, requires federal agencies to assess the necessity and effectiveness of existing “significant” regulations and to consider certain “principles” when drafting rules. Adherence to these principles would ensure that regulations “protect public health, welfare, safety and our environment while promoting economic growth, innovation, competitiveness and job creation.” Supplementing the Executive Order, the President issued two memoranda containing directives on regulatory flexibility for small businesses, as well as increased accessibility to “publicly-available compliance information.”