The Obama administration's top regulatory official said Thursday that it is encouraging independent agencies to look at existing regulations and see where they can make changes to reduce paperwork and other compliance costs.
Cass Sunstein, who runs the Office of Management and Budget's Office of Information and Regulatory Affairs, announced several regulatory changes at agencies that are under the supervision of the executive branch.
He told reporters on a conference call that while the administration can't directly order such a review at independent agencies, such as the NCUA, he is "hopeful that the independent agencies will find the look-back process helpful.''
The NCUA already reviews one third of its regulations every year but hasn't announced additional review plans.
As part of the administration's regulatory review process, 30 departments and agencies announced regulatory changes, some of which can be implemented immediately while others are subject to a public comment period.
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