White House Offers Plan to Revamp Regulation

By BINYAMIN APPELBAUM
Published: May 26, 2011

WASHINGTON The Obama administration said on Thursday that it would eliminate or rewrite hundreds of regulations to save businesses and consumers hundreds of millions of dollars a year, the first fruits of a review process announced in January.

Cass Sunstein, the Harvard law professor hired by President Obama to improve the regulatory process, highlighted some of the results of the review so far. One example he cited was the repeal of a rule classifying milk as a kind of oil, which required dairy farmers to handle their product with special care. That change by the Environmental Protection Agency will save an estimated $140 million a year, he said.

“Large benefits can come from seemingly modest small steps,” Mr. Sunstein in a speech at the American Enterprise Institute.

http://www.nytimes.com/2011/05/27/business/27regulate.html?ref=politics