There are lots of good regulatory reform ideas out there. The ideas with the most staying power share a common theme. They don’t just treat this or that rule. They treat the larger rulemaking system that keeps churning out those harmful rules. With a tough economic recovery ahead once masks, prudence, and treatments defeat COVID-19, now is a good time to implement them.
In a recent paper, I outlined two institution-level reform ideas: an independent Regulatory Reduction Commission, and automatic sunsets for all new rules. For those who don’t have time for the paper-length version, there is now an op-ed version, courtesy of Inside Sources. It concludes:
Dealing with COVID-19’s health and economic effects are the two top political priorities right now. Nothing else even comes close. As policymakers find and eliminate never-needed regulations that are blocking recovery, they must also reform the system that made those rules possible in the first place.
If left untreated, that regulatory sludge will build back up, and stifle the next emergency response in ways no one can predict today. Repeal is not enough.
We also need resilience.