Mercatus Center: Rail proposal demonstrates importance of RIA requirement

Independent regulatory agencies could create positive economic outcomes while avoiding harmful actions if they conducted a Regulatory Impact Analysis (RIA) before issuing major regulations, explains Patrick McLaughlin in a recent Hill op-ed.

McLaughlin—a senior research fellow at Mercatus Center at George Mason University—examines the benefits of RIAs in the context of competitive switching, a rail shipper proposal the Surface Transportation Board (STB) is currently considering. Noting concerns expressed by an STB Board Member about the proposal’s unintended consequences, McLaughlin argues an RIA would help regulators make smart public policy decisions by assessing if a problem exists and systemically weighing alternative solutions to costly, burdensome regulations.

Click here to read the full piece on TheHill.com.

 

Further Reading

The Power of Privately Funded Freight Rail

Washington can help freight rail continue its historic success record and the private investment that benefits all Americans.

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A Blueprint for Economic Prosperity

Market-based solutions, not regulation, can make America more prosperous. Freight railroads are proof.

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