President Obama has signed an Executive Order titled "Improving Regulation and Regulatory Review" that seeks to review all federal regulations and eliminate job and growth-killing regulations. According to the Wall Street Journal, President Obama said the order calls for a government-wide review of federal regulations and to remove outdated regulations that stifle job creation and make our economy less competitive. Additionally, the President said this Executive Order will help ensure the federal government avoids excessive, inconsistent and redundant regulation.
The National Cattlemen's Beef Association welcomed the news. NCBA President Steve Foglesong says if there were one word to describe the first two years of President Obama's Administration, it would be regulation.
"From the Agriculture Department's Grain Inspection, Packers and Stockyards Administration's proposed livestock and poultry marketing rule to the Environmental Protection Agency's regulatory rampage this Administration's regulatory agenda to-date won't just stymie growth in the U.S. beef cattle industry, it could kill the industry as we know it" Foglesong said.
Foglesong says this action from the President is reassuring but needs to happen immediately. For example, EPA’s dust regulation would essentially make it illegal to drive a truck down a dirt road. He says the Executive Order is a step in the right direction and NCBA looks forward to working with the Administration on the new initiative.
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