White House Announces Regulatory Reform, Plans Wide-Ranging Rollback of Regulations

• By: Staff Editor
• Date: September 02, 2011

President Barack Obama has announced that federal regulatory agencies have reviewed and will soon start a rollback of outdated and cumbersome regulations.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.