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Wall Street Journal Editorial Board Highlights How Deregulation Can Help with COVID-19 Economic Recovery


05.20.20

Washington, D.C. – As states are beginning to reopen, the federal government continues to examine ways it can help kickstart the economy. One way to do this is to evaluate regulatory restrictions, particularly those that have been lifted during the pandemic, to see if this regulatory relief should be made permanent. Yesterday, President Trump announced an Executive Order directing federal agencies to double down on deregulation by looking for opportunities to provide additional relief.

“It is the policy of the United States to combat the economic consequences of COVID-19 with the same vigor and resourcefulness with which the fight against COVID-19 itself has been waged.” –President Donald Trump

As unemployment claims have skyrocketed, the federal government should take steps to help bring back and create jobs by removing regulatory hurdles. We can and will do this in a way that maintains critical protections for public health and safety.

E&C GOP Leader Greg Walden (R-OR) serves on the president’s Opening Up America Again Congressional Group and has expressed that regulations that have been waived need a high bar to come back.

“Deregulation will help the country get back on its feet,” says the Wall Street Journal editorial board. We couldn’t agree more.

The Covid-19 Deregulation
WSJ Opinion
By: Editorial Board
May 19, 2020

In reaction to Covid-19, federal agencies and departments have taken more than 600 regulatory actions, many of them temporary, per the White House’s tally. Truck drivers hauling emergency supplies have more flexibility about hours on the road. Seniors on Medicare can consult doctors by iPhone. Colleges can ramp up distance learning without the usual red tape.

On Tuesday the Administration entered the next phase of pandemic deregulation. At a cabinet meeting, President Trump signed an executive order telling government agencies to “combat the economic consequences of COVID-19 with the same vigor and resourcefulness with which the fight against COVID-19 itself has been waged.” This means going on the hunt for rules “that may inhibit economic recovery.”

Meantime, agencies are directed to review their 600 pandemic regulatory actions “and determine which, if any, would promote economic recovery if made permanent.” In some instances, such as for the waivers allowing Medicare patients to dial a doctor from home, this might require congressional action.

Since Mr. Trump’s order is asking agencies to identify superfluous or suffocating rules, it’s difficult to know what other specific fruit it might bear. But every little bit will help. The economic news is unprecedented, with 36.5 million Americans having filed for unemployment benefits in eight weeks. Deregulation will help the country get back on its feet.

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