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COMMENTS REQUESTED IN REVIEW OF DOT REGULATIONS

 COMMENTS REQUESTED IN REVIEW OF DOT REGULATIONS
 WASHINGTON, Feb. 7 /PRNewswire/ -- The Department of


Transportation today asked for public comment on which of its regulations may impede economic growth, be no longer necessary or be too burdensome or costly.
 Today's action was taken in response to President Bush's announcement in his Jan. 28 State of the Union address of a 90-day moratorium and review of regulations. In a memorandum, the president asked DOT and other federal agencies to identify regulations and programs that impose a substantial cost on the economy. The memorandum also asked agencies to determine whether each such regulation or program meets the following standards:
 -- Its expected benefits to society outweigh its costs.
 -- It is fashioned to maximize net benefits to society.
 -- To the maximum extent possible, it sets performance standards instead of prescriptive requirements, allowing those subject to the regulation to achieve the intended goal at the lowest possible cost.
 -- It incorporates market mechanisms as much as possible.
 -- Its intent is clear and certain and it is designed to avoid needless litigation.
 At the end of the review period, the department will submit a written report to the president listing recommended changes in regulations and their potential savings to the economy. The report will include an estimate of the number of jobs created by the changes. The department will also prepare a report summarizing programs left unchanged, with an explanation of how they are consistent with the standards set by the president.
 In a notice published in today's Federal Register, the department seeks comment from affected industries and interested organizations and individuals on its regulatory programs and which of them may be too costly, burdensome or harmful to the economy. It also seeks help identifying regulations that overlap or conflict with those of other agencies or DOT. DOT may also use other means to obtain comments, such as through existing advisory committees.
 Comments should be submitted by March 2 to the docket section of the relevant DOT modal administration.
 -0- 2/7/92
 /CONTACT: Bill Mosley of the Department of Transportation, 202-366-5571/ CO: Department of Transportation ST: District of Columbia IN: TRN SU:


TW-MK -- DC011 -- 7859 02/07/92 15:01 EST
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Date:Feb 7, 1992
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