Yale Law School Professor Nicholas R. Parrillo recently spoke to the House Oversight and Government Reform Committee in a hearing about federal regulatory guidance.
In prepared remarks, Parrillo said guidance was an important means for increasing transparency. He said guidance was the easiest way for agencies to inform the public, but pressure on regulated entities to comply with guidance could lead to de facto regulatory action outside of the formal rulemaking structure.
Read on for Parrillo’s examination of the benefits and drawbacks of the current regulatory guidance process.
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