In the United States, there are mechanisms in place to review the effect of proposed regulations on U.S. businesses and their ability to compete in the global marketplace. The overall responsibility in the Administration for such review lies with the Office of Management and Budget,95 but most of the formal analysis of the policies that affect trade and competitiveness are done in the Department of Commerce in the Office of Competition and Economic Analysis. This office provides information on the impact of economic and regulatory policies on the competitiveness of U.S. manufacturing and services industries. It does this by analyzing the effects of both domestic and foreign policy developments on U.S. industries. 96
The U.S. International Trade Commission (USITC) conducts economic analysis at the request of the Congress and President as well as the Commission itself. The Commission's analysis is used to contribute to the development of sound and informed U.S. international trade policy and to the public debate on issues relating to U.S. international trade and competitiveness. USITC analysis attempts to integrate industry, trade and tariff data with industrial and economic expertise to prepare a wide range of official Commission reports and staff developed articles. The USITC conducts analysis of major international trade proposals including all proposed Free Trade Agreements. 97
P.L. 110-69 (Sec. 1006) directed the President to establish a President's Council on Innovation and Competitiveness. This Council is to undertake various activities for promoting innovation and competitiveness in the United States, measure progress in such promotion, and report annually to the President and Congress on such progress.
Currently, the U.S. Congress does not have established procedures to evaluate the impact on business supply chains and industrial competitiveness of proposed legislation, although business- related interest groups certainly make their positions known. Within the Congress, the Economic Competitive Caucus (Representative Todd Tiahrt Chairman) focuses on eight areas where it feels the federal government could remove barriers to economic competitiveness for U.S. businesses.
The Congressional Budget Office (CBO) conducts budgetary impact analysis for proposed legislation and analyzes specific policy and program issues related to the budget. The agency undertakes such studies at the request of the Congress. CBO analysis does not usually address, however, the effect of proposed legislation on the competitiveness of U.S. based businesses. 98
In the U.S. private sector, t
As a nonpartisan, nongovernmental organization in Washington, D.C., the
95 Robert W. Hahn and Robert E. Litan, "Counting regulatory benefits and costs: lessons for the US and Europe," Journal of International Economic Law 473–508, vol. 8, no. 2 (June 2005), p. 473–508.
96 See Office of Competition and Economic Analysis website at [http://www.ita.doc.gov/td/industry/OTEA/OCEA/OCEA-index.html].
See USITC website at [http://www.usitc.gov/ind_econ_ana/index.htm]. For information on the Congressional Budget Office, see [http://www.cbo.gov/aboutcbo/]/