7 questions are asked:
An important reform would be to make sure that before any agency produces a new regulation, the following questions are asked and answered:
1. Is there a large, systemic problem that is unlikely to resolve itself in the near future?
2. Is the federal government in the best position to solve this problem?
3. Does the regulation actually address the identified systemic problem?
4. What other solutions are available?
5. Would the proposed solution give rise to other significant problems?
6. Would the preferred solution solve the problem at a reasonable cost?
7. Will the agencies be able to recognize when the problem is actually solved and eliminate the regulation when it becomes obsolete?