On his first day in office, President Joe Biden quickly set about undoing some of his predecessor’s signature policies...
Tucked into all of those high-profile moves, though, was a memo with a title seemingly designed to be ignored: “Modernizing Regulatory Review.” Sent to the press at 9:43 p.m. on Wednesday in the middle of the Tom Hanks-led inaugural celebration, the White House was not expecting the dry document to drive headlines or set American hearts aflutter.
But the memo could unleash a wave of stronger regulations to reduce income inequality, fight climate change and protect public health. Among left-leaning experts on regulation, it’s a signal that Biden could break with 40 years of conservative policy.