The Office of Management and Budget is located in the Eisenhower Executive Office Building.
By Nick Goldstein, vice president of regulatory & legal issues, ARTBA
In an effort to reduce regulatory burdens, the Trump administration April 11 issued new guidance expanding the authority of the Office of Management and Budget (OMB) to review and repeal federal agency actions.
Traditionally, the Congressional Review Act (CRA), requires congressional review of major notice and comment rule makings. The new guidance, however, would expand the types of regulatory actions that could be classified as “major” and trigger CRA review to “guidance documents, statements of policy, and interpretive rules.” Depending on how rigorously the new policy is applied, there could be a sharp increase of agency actions reviewed by the administration’s OMB’s Office of Information and Regulatory Affairs.
Of particular interest to ARTBA members would be a potential change in how guidance documents are reviewed. Often agency guidance document are issued without input from the regulated community even though they have significant impacts. The U.S. Department of Transportation is currently conducting a review of all existing agency guidance.