- To identify challenges imposed by divergent regulatory standards and examine opportunities to harmonize regulations through enhanced coordination between the federal government, states, and private industry stakeholders.
- Over the past 30 years, the growth of federal regulations has imposed significant burdens on the American economy. Despite often seeking similar results, federal agencies impose divergent regulations on regulated entities that are duplicative, overlapping, or inconsistent.
- States report government-wide duplicative or inconsistent regulation in compliance exercises. According to state officials, complying with overlapping federal audits yields inconsistent results with significant costs to state budgets and autonomy.
- The private sector is offering solutions to harmonize divergent federal regulations with recommendations to improve coordination with regulated entities, develop a common regulatory framework, and standardize regulatory data.
Witnesses and testimonies
|Mr. James "Bo" Reese||President, National Association of State Chief Information Officers Chief Information Officer, Office of Management and Enterprise Services, State of Oklahoma||Document|
|Mr. Christopher Feeney||Executive Vice President||Bank Policy Institute||Document|
|Mr. John Riggi||Senior Advisor, Cybersecurity and Risk||American Hospital Association||Document|
|Mr. Oliver Sherouse||Policy Analytics Lead, Program for Economic Research and Regulation||Mercatus Center||Document|
|Mr. Robert Weissman||President||Public Citizen||Document|