Rebuilding California’s Economy
To bring new life to California’s economy, we don’t need to dismantle environmental, worker or consumer protections. But we do need to improve our regulatory system so it’s lean, efficient, predictable and accountable, with common sense rules that are fairly applied.
GET CONTROL OF THE BUREACRACY
Unelected officials now have sweeping powers to impose new regulations, with no requirement that these regulations be reviewed or approved by the Legislature, creating an uncertain and unpredictable regulatory environment. This can easily be fixed by requiring legislative approval for each new regulation imposed by the bureaucracy.
MEASURE THE ECONOMIC IMPACT OF NEW REGULATIONS
Too many regulations are now imposed without knowing their impact on jobs and economic growth. Requiring an independent and unbiased economic impact report by the Legislative Analyst’s Office for major new regulations will help determine if the benefits provided are truly worth the cost in jobs and lost revenue.
WEED OUT INEFFECTIVE REGULATIONS
By reviewing regulations already on the books and requiring a periodic review for all new regulations, we can make sure California’s regulations are working as intended, and rid the state of those that are outdated or failing to deliver.
Clearly, other steps must be taken to fully revive California’s economy. But regulatory reform can be accomplished quickly and the benefits will be felt almost immediately, providing tangible proof to a skeptical business world that California is a good place to invest.