Federal agencies plan three-year review of regulatory burden

From: Community Banker | Date: July 1, 2003| Author: | Copyright information

Wielding tree shears and a chainsaw, banking regulators and trade association officials took aim June 3 at a two-foot tall, 9,000-page stack of regulations that will be scrutinized as part of an interagency effort to cut red tape.

The act symbolically kicked off the once-a-decade review of federal regulations mandated by the Economic Growth and Regulatory Paperwork Reduction Act of 1996. The initiative was unveiled at a news conference hosted by the Federal Deposit Insurance Corp. and joined in by representatives of all five federal financial regulatory agencies plus industry trade ...

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