White House unveils regulatory reform

[sinkingfeeling]

http://money.cnn.com/2011/05/26/news/economy/federal_regulatory_reform/index.htm?hpt=T2

NEW YORK (CNNMoney) -- The Obama administration said Thursday that milk will no longer be classified as an oil, part of an effort to overhaul federal regulations that don't make any sense.

The change means dairy farmers will no longer be subject to costly rules designed to prevent oil spills and is expected to save the industry $1.4 billion over the next decade, according to the Environmental Protection Agency.

The administration unveiled proposals from 30 federal agencies outlining regulatory changes that officials say will save businesses, state governments and individuals hundreds of millions of dollars. Over the long term, they say, the reforms could help save billions of dollars.

[Scuba]

1. Anything to regulate licensed thievery by Wall Street and members of Congress?