WASHINGTON – President Barack Obama on Tuesday ordered a review of federal regulations with an eye toward getting rid of those that stifle job creation and hurt economic growth, a move aimed at soothing anger over the government’s reach and mending Obama’s relationship with the business community.
The president signed an executive order telling federal agencies to look for rules that place an unreasonable burden on businesses. Obama said any regulations must reduce uncertainty, be written in plain language and be built upon public participation. The regulatory system “must identify and use the best, most innovative, and least burdensome tools for achieving regulatory ends.” The Associated Press
Obama has an opinion piece in the Wall Street Journal saying he wants agencies to look for outdated regulations that make the U.S. economy less competitive and Rep. Darrell Issa R. CL has appointed GOP Rep Jim Jordan of Ohio the head of a subcommittee to investigate wasteful spending and federal regulations.