THE WHITE HOUSE

Office of the Press Secretary

                                 The
                             REGO REPORT
                       REinventing GOvernment
                      Week of February 21, 1995

REGO II MEANS BUSINESS

This week at the White House, President Clinton and Vice President Gore announced their Regulatory Reinvention Initiative, ordering a major overhaul of the nation's regulatory system and how it works with the American business community. All agencies are to immediately conduct a comprehensive review of their rules to identify regulations that are either obsolete, burdensome to business, or both. The audience of Cabinet Secretaries and regulatory agency heads were told to work with their customers -- the business community -- to reassess how regulations are developed, which should be deleted or changed, and how enforcement could be improved. The President and Vice President offered a set of rules for reinventing regulations to produce a government that works better for less. Regulators were presented with a laminated business card with these rules:

• Cut obsolete regulations
• Reward results, not red tape
• Get out of Washington, create grass roots partnerships
• Negotiate, don't dictate

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  "I am determined to see reform of our regulatory system, so that it costs less, meddles less, and puts more responsibility in the hands of the people themselves."

  President Bill Clinton

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  "It is possible to cut back on the bulk of regulations, simplify them, and get better results."

  Vice President Al Gore

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  The President and Vice President both oppose a freeze on federal regulations, set for a House vote this week. They said a moratorium would halt protection of public health and safety and cause massive liability and legal entanglements for business and industry. They promised no moratorium for:

Safe food, cars, planes, factories, and toys Clean water and air
Sound financial institutions