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Regulatory Burden: Recent Studies, Industry Issues, and Agency Initiatives

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Report Type Reports and Testimonies
Report Date Dec. 13, 1993
Report No. GGD-94-28
Subject
Summary:

Over the last several years, a growing chorus of protest has arisen from the banking and thrift industries over what many view as an excessively complex patchwork of federal banking laws and regulations. The banking industry is particularly concerned about the cumulative burden of regulation and its effect on a bank's ability to make enough credit available to worthy borrowers. This report provides an overview of the regulatory burden studies recently done by, or on behalf of, the federal banking agencies and several of the major banking industry trade associations. GAO also describes the major regulatory burdens addressed in those studies and agency actions or initiatives related to each issue. The results of GAO's review should prove helpful in assessing the appropriateness and effectiveness of administrative, legislative, and regulatory initiatives to ease burdensome regulation and to boost credit availability.

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