[Public Papers of the Presidents of the United States: George H. W. Bush (1992, Book I)]
[January 28, 1992]
[Page 165]
[From the U.S. Government Publishing Office www.gpo.gov]



Memorandum on Regulatory Coordination

January 28, 1992
Memorandum for the Secretary of the Treasury, the Chairman of the Board 
of Governors of the Federal Reserve System, the Chairman of the 
Securities and Exchange Commission, the Chairman of the Federal Deposit 
Insurance Corporation, the Chairman of the Commodity Futures Trading 
Commission

Subject: Regulatory Coordination

    As you know, the Congress has failed to enact important growth-
oriented legislation that we have proposed. Although we will continue to 
work with the Congress to enact these proposals, we must also redouble 
our efforts to create jobs and achieve economic growth within existing 
statutory constraints.
    For such efforts to succeed, we must prevent the fragmentation of 
policy-making and better coordinate existing programs within the 
executive branch. I recognize that you have already made considerable 
efforts to coordinate your activities, and ask only that you intensify 
these efforts over the next three months to ensure that we have done all 
that we can to eliminate unnecessary regulatory burdens.
    I look forward to your reports on this important undertaking. 
Although the Congress has created the regulatory schemes within which we 
must operate, I am confident that, with your help, the executive branch 
can do much to create conditions conducive to a healthy and robust 
economy.

                                                             George Bush

                    Note: This memorandum was released by the Office of 
                        the Press Secretary on January 30.