Senior Fellow Scott Powell: Trump’s Push for Deregulation

Executive Orders provide temporary relief, but long term structural change is needed for the U.S. to free itself from the regulatory leviathan and permanently limit federal bureaucracies and their army of unaccountable regulators.

Start with two statutory safeguards: 1) Congressional legislation that requires the delivery of $2 of regulatory cost reduction for every one dollar of new regulatory cost increase; and 2) Periodic Congressional reauthorization of regulations affecting industries and the economy — with sunset provisions for those not reauthorized.

But perhaps most importantly in the long run is the need for a renaissance in understanding the appropriate scope and principles for regulation in today’s free market information economy.

Read more at American Thinker.