How advanced analytics can find outdated federal regulations Bookmark has been added
How advanced analytics can find outdated federal regulations
Understanding presidential orders on regulation reform
Federal agency leaders can feel frustrated by the massive task of regulatory reform. When you consider that there are hundreds of thousands of sections of the Code of Federal Regulations, it would likely be no surprise if regulatory reform feels a bit daunting. How should government leaders go about sifting through them? Even after finding candidate regulations for reform, how should leaders make sense of which ones to keep and which to change? Some regulations are necessary and fundamentally valuable while others cause unnecessary burden.
What if there was a way to find overlapping or outdated regulations and target those first?
Advanced analytics, as outlined in this study, can help agency leaders both expand their view beyond what they and their staff are familiar with and look more specifically into sets of regulations with a higher potential opportunity for improving efficiencies, without reducing protections.
Do we still need this regulation on the books?
To identify regulations that could be candidates for reform, Deloitte analyzed all 217,000+ sections of the 2017 Code of Federal Regulations (CFR). Our results suggest that advanced analytics could provide practical assistance in identifying targets of opportunity for regulatory reform.
Advanced analytics: An answer to regulatory reform?
Two-thirds of all federal government regulations currently on the books have never been updated.
If agency executives only examine recent regulations, they may miss an opportunity for reform that could help eliminate significant, unnecessary burden. It could be similar to the classic mistake of “looking for your keys underneath a street lamp because it’s easy to look there.”
In this paper, we’ll walk through common elements agencies can use to help improve the quality of the regulations they have on the books—and ways leaders might start to tackle potentially old, outdated, and overlapping regulations they may no longer need.
What is text analytics?
Text analytics involves the use of computers and software algorithms to process large volumes of text with the intent of extracting quality insights. It is widely used both within and outside of the federal government to analyze documents (like the CFR) which are too voluminous for humans to efficiently handle.
It often makes it possible to detect trends and patterns that, due to the size of the underlying text, humans would generally have trouble identifying.
Within the Code of Federal Regulations, more than 17,000 sections have extremely similar text as another section. Most of these matches are exact matches where the words are precisely the same in both sections (often legal definitions or standard penalties and definitions).