Congress needs to get its nerd on
But sometimes congressional rule-making aids innovation and members need to be well informed. As a recent R Street Institute report points out, policymakers often must give a “green light” on new innovation or put in place forward-looking guidelines to show entrepreneurs how old rules will apply to new situations. Now maybe a revived OTA is overkill and existing agencies and congressional staffs could merely be beefed up, as some agency opponents argue. And thanks to the internet, senators and representatives have lots of information at their fingertips. But the OTA’s past record is pretty impressive. And R Street has some good ideas to make the agency less vulnerable to charges of bias. Plus, you never know what you’re going to find on the intertubes.