OMB Reports $22 Billion in Savings from Cutting Unnecessary Regulations

The White House budget office on Friday laid claim to a savings of $22 billion over the next five years from the Obama administration’s five-year-old “regulatory lookback,” designed to identify obsolete or burdensome regulations.

Howard Shelanski, administrator of the Office of Information and Regulatory Affairs, reported on 179 specific efficiency improvements made since President Obama’s 2011 executive order on regulatory review. He teamed with Anne Rung, administrator of the Office of Federal Procurement Policy, and David Mader, controller and acting deputy director for management at the Office of Management and Budget, in soliciting a dialog with the nation’s colleges and universities to better streamline federal higher education grants.

Shelanski highlighted agency reports from July showing that two dozen rules or regulatory provisions were cancelled as a result of the lookback.

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