Virginia noted as model for regulatory modernization
Date postedNovember 20, 2024
Virginia's approach to regulatory modernization, spearheaded by Governor Glenn Youngkin's Office of Regulatory Management (ORM), aims to enhance efficiency, transparency, and reduce burdensome regulations. Efforts include cutting regulatory requirements by 25%, streamlining processes, and leveraging technology like AI. Achievements include significant cost savings, faster permitting, and simplified compliance across various sectors. Virginia’s model has garnered attention as a blueprint for other states, emphasizing practical cost-benefit analysis and innovative tools to improve governance.