About HKTDC | Media Room | Contact HKTDC | Wish List Wish List () | My HKTDC |
Save As PDF Email this page Print this page

FMC Establishes Regulatory Reform Task Force

The Federal Maritime Commission has designated the agency’s managing director, Karen Gregory, to serve as regulatory reform officer. In that capacity, Ms. Gregory will stand up a regulatory reform task force that will work to identify burdensome, unnecessary and outdated directives and recommend how they should be remedied. According to the FMC, this action is consistent with the intent of an executive order issued by President Trump on 24 February, the deregulatory spirit of the Shipping Act of 1984 as amended by the Ocean Shipping Reform Act of 1998, and agency regulatory review initiatives on-going since 4 November 2011.

President Trump’s executive order directs federal agencies to take additional actions as part of an effort to lower regulatory burdens on U.S. businesses. Specifically, each federal agency must designate a regulatory reform officer responsible for overseeing the implementation of regulatory reform initiatives and policies, including the termination of programmes and activities that derive from or implement executive orders, guidance documents, policy memoranda, rule interpretations and similar documents that have been rescinded.

Acting Chairman Michael Khouri observed that “relief from regulatory requirements that have outlived their usefulness is one of the easiest contributions the Federal Maritime Commission can make to increased efficiencies and creating economic benefits.”

Content provided by Picture: HKTDC Research
Comments (0)
Shows local time in Hong Kong (GMT+8 hours)

HKTDC welcomes your views. Please stay on topic and be respectful of other readers.
Review our Comment Policy

*Add a comment (up to 5,000 characters)