This is the Cato Daily Podcast for Monday, November 7th, 2022.

I'm Caleb Brown.

Following this election, what's the appetite for regulatory reform?

And what legislation waits in the wings if that appetite is large.

Joe Lupino Esposito is deputy legal policy director at the Pacific Legal Foundation.

We spoke about what to expect from Congress in the regulatory sphere in

2023 and beyond.

We are coming up on two years of the Joe Biden

administration and before we get to Congress's role here

with respect to regulatory reform, how did Donald Trump perform In terms of keeping a leash on the administrative state?

I think there was some limited success from what President Trump did while he was in office.

I think obviously one of the biggest and best-known innovations

that he had in the regulatory space

was the one in two out rule, which essentially said if there's any one new regulation two more have to leave.

Of course there's still more to be done in that space in general and I think there could have been improvements there when it comes to regulatory budgeting and actually understanding what regulations are going away versus the ones you're keeping.

But another area I think that was very helpful was on guidance documents as well.

A lot of regulations are not truly regulations, they're just guidance letters.

All right, we've talked about this here for careful listeners, the Cato Daily Podcast.

We've talked about this a number of times, which is the idea that regulation depends on the regulator.

That is, what is written down in many cases

is less important than the brain that is interpreting

what is written down.

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