Regulation Impacts All Colorado Citizens
Regulation is recognized as a key component to keeping the marketplace competitive and fair while providing important consumer protections. However, it is also widely recognized that unnecessary and overly restrictive regulations can potentially do more harm than good, making the process of regulatory review and reform a vital component of civic life.
In the 1970s, the state of Colorado broke new ground by implementing Sunrise and Sunset review processes for its regulated professions, occupations, government agencies, rules, programs and functions. The review processes determine what should be regulated or evaluate if an existing regulation, program or sector of the government is still needed. The implementation of these processes was lauded by The Wall Street Journal as an example of how states are able to keep regulatory burdens low.
Colorado regulates a large number of professions, business and functions—more than 140 are regulated through the Colorado Department of Regulatory Agencies alone. The Colorado Office of Policy, Research & Regulatory Reform enhances consumer protection through reviews of regulation and policy throughout state government to ensure that regulation is necessary, effective, consistent, flexible and fair. COPRRR's responsibility is to balance regulation and economic growth through: