Reducing the costs of procurement regulation – A step in the right direction
The Code of Federal Regulations is around 180,000 pages and is growing at about 2,000 pages a year. In 2008, the Office of Management and Budget (OMB) and the Small Business Administration estimated the regulatory compliance costs to be approximately $1.752 trillion.
These figures were cited in 2015 testimony before the Senate Armed Services Committee by the Honorable Jacque S. Gansler, Ph.D., currently professor emeritus at the University of Maryland’s School of Public Policy. He cited these figures in making the case for reducing regulations, policies, and procedures to reduce barriers to entry to the federal market and to increase the Defense Department’s access to commercial innovation, which is needed desperately to ensure technological superiority on the battlefield.