Date: 10/04/2017

Independent regulatory agencies could create positive economic outcomes while avoiding harmful actions if they conducted a Regulatory Impact Analysis (RIA) before issuing major regulations, explains Patrick McLaughlin in a recent Hill op-ed.

McLaughlin — a senior research fellow at Mercatus Center at George Mason University — examines the benefits of RIAs in the context of competitive switching, a rail shipper proposal the Surface Transportation Board is currently considering. Noting concerns expressed by an STB Board Member about the proposal’s unintended consequences, McLaughlin argues an RIA would help regulators make smart public policy decisions by assessing if a problem exists and systemically weighing alternative solutions to costly, burdensome regulations.

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