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Obama administration unveils plan to ax hundreds of rules

By JULIE PACE Published: August 24, 2011

Many of the reforms are designed to help small businesses, the administration said. Those include accelerating payments to as many as 60,000 small businesses that have contracts with the Department of Defense, and requiring the Small Business Administration to adopt a single electronic application to reduce paperwork.

House Majority Leader Eric Cantor, R-Va., said the administration's announcement was “underwhelming.” And the Chamber of Commerce said real regulatory reform should include permit streamlining and reforms that would make it easier for businesses to get environmental clearance to start projects.

Sunstein said the reforms would not impact regulations needed to protect consumers and the environment.