Gov. Bevin announces review of business regulations
Republican Gov. Matt Bevin says he wants to eliminate or revise some of the state’s 4,500 regulations governing private businesses.
Bevin announced his Red Tape Reduction Initiative on Wednesday. He has ordered cabinet secretaries and state employees to review the state’s business regulations. And he has set up a website, www.RedTapeReduction.org, to solicit recommendations from businesses and the general public.
The review is modeled after a similar review performed in the Canadian province of British Columbia. A study by George Mason University said the reform resulted in 37 percent of regulations being eliminated.
The governor’s office says since 1974, at least 15 percent of Kentucky’s business regulations have never been reviewed. Bevin’s office says it will partner with George Mason University to analyze Kentucky’s regulations to determine which industries are the most affected.