White House Announces Regulatory Reform, Plans Wide-Ranging Rollback of Regulations
Abstract:President Barack Obama has announced that federal regulatory agencies have reviewed and will soon start a rollback of outdated and cumbersome regulations. The scrapping of regulations is expected to “eliminate millions of hours in annual paperwork burdens for large and small businesses and save more than $1 billion in annual regulatory costs”.
This article details the background to this regulatory reform and its expected impact on US businesses.
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