As the Texas Sunset Advisory Committee takes a look at our environmental regulatory agencies this interim, perhaps they should consider Texas’ grade in a new report released by the Institute for Policy Integrity – a “D minus” the lowest possible grade of all the states reviewed because of inadequacies in how our regulatory decisions are made. The results of that report point to billions of dollars wasted and inadequate protections for Texans.
The Institute for Policy Integrity, a non-partisan advocacy organization and think-tank dedicated to improving the quality of governmental decisionmaking and sponsored by the New York University School of Law developed fifteen points of evaluation for an ideal regulatory process. Among them: regulatory review that properly calibrates rules; review that is consistent and buffered from political influence; and review that provides a balanced treatment of costs and benefits. The Institute took a look at how states routinely regulate industries whose economic footprints climb into the hundreds of millions.
Nearly twenty percent of the American economy is regulated by state governments. But there are major concerns about how regulatory decisions are made. The results of “52 Experiments with Regulatory Review” point to rules that are often made ad hoc and in too many cases yield inefficient results that limit public benefit, wasting billions of dollars and providing inadequate protections for Americans—earning states an average grade of “D+” with the lowest possible grade being a “D-.” Seven jurisdictions scored a D-, having met none of the guiding principles: Alaska, Delaware, the District of Columbia, Georgia, Louisiana, New Mexico, and Texas. (more…)