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Contact: Amy Frantz
319-385-3462
Chipping Away at
the Burden of Government Regulations
Mt. Pleasant, IA – Iowa consumers ultimately
pay for the tremendous cost of businesses complying with government
regulations. That’s the finding of Public Interest Institute Research Analyst
Amy Frantz. In an August INSTITUTE BRIEF, Frantz says recent reports say those
costs drive up the prices of goods and services produced.
Frantz cites research from Clyde
Wayne Crews Jr. of the Cato Institute which looks at the regulatory burden
imposed by the federal government. That research showed that in 2001 a total
of 4,132 final regulations were issued by federal agencies.
Frantz says while government
agencies continue to turn out new regulations, there is a renewed push to ensure
these regulations accomplish what they are set out to do, without placing an
undue cost on those who must carry them out.
In conclusion, Frantz says there is
some light at the end of the tunnel. The Federal Data Quality Act goes into
effect on October 1, 2002. This law requires government agencies to use sound
data to back up new rules and regulations issued. It also allows any
individual or group to challenge proposed regulations.
For additional information on this
INSTITUTE BRIEF or any other Public Interest Institute publication, you may
contact PII at 319-385-3462, or log on to the PII web site at:
www.limitedgovernment.org.
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