In Brief: Regulatory reform proposal

Executive Summary

Regulatory reform proposal: White House director of regulatory risk analysis would coordinate activities between FDA and six other federal agencies, under a proposal released March 20 by the Harvard Group on Risk Management Reform. Chaired by former Bush Administration Counsel C. Boyden Gray, the group also recommends increased local authorities, particularly "where the costs and benefits of risk management are incurred by citizens within a specific state or locality." Congress should also allow the feds flexibility to approve risk-management plans submitted by regulatees that would result in greater reduction of risk than would result from compliance with existing law...