Regulatory ReformWaiver of Penalties and Reduction of Reports
This April 21, 1995 presidential memorandum directs federal agencies to implement two regulatory reform policies: (1) exercising enforcement discretion to waive penalties for small businesses that correct violations in good faith, and (2) reducing by half the frequency of public reporting requirements, with both policies requiring implementation plans to OMB by June 15, 1995 and policy implementation by July 14, 1995. The memorandum excludes law enforcement, national security, foreign affairs, trade restrictions, tax/revenue matters, and statistical agencies from its scope.