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De Omnibus Dubitandum - Lux Veritas

Saturday, August 13, 2016

Here's What Happened The Last Time We Tried Donald Trump's Moratorium On Regulations

Clyde Wayne Crews Forbes

In Donald Trump’s Detroit economic speech and in his “An America First Economic Plan: Winning The Global Competition,” he said:

"Upon taking office, I will issue a temporary moratorium on new agency regulations."
 
This has been tried, and there are takeaways from the experience.

In an effort to assert some control over regulation, former President George H. W. Bush issued a moratorium on January 28, 1992, during which agencies were to refrain from issuing non-essential new rules and instead examine and reduce the burden of regulations already on the books. The moratorium was extended an additional 120 days on April 28, and was extended for the remainder of Bush’s term during his acceptance speech for the Republican presidential nomination on August 20, 1992, though it was abandoned with Bill Clinton’s arrival in the White House. (I described all this in the original 1993 Ten Thousand Commandments, wow, time flies)....To Read More....

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