The Office of State-Based Initiatives (OSBI) recently released its annual report detailing the economic cost of federal regulations, as well as how the federal government limits the ability of the states to implement creative solutions to problems they face. The report can be found attached.
“The cure for what ails this country will come more from our states’ capitals than it ever will from our nation’s capital,” said Governor Pence. “States like Indiana are the incubators of innovation in this nation, yet burdensome federal regulations hinder economic growth and negatively impact Hoosiers. With more flexibility from the federal government to implement efficient and effective services based on the needs of our people, Indiana’s success knows no bounds.”
Governor Pence signed Executive Order 13-20 in July of 2013 to transform the Office of Federal Grants and Procurement into the Office of State-Based Initiatives. The OSBI is tasked with coordinating with state agencies to perform a cost-benefit analysis on every federal grant opportunity to measure the grant’s fiscal and regulatory effect; working with agencies to develop block grant contingency plans; tracking the costs of federal regulations by studying data, surveying businesses, and talking to Hoosiers; and publishing an annual study of the effect of federal regulations and mandates and sharing it with Indiana’s Congressional Delegation, the Governor, and the Indiana General Assembly.