They were ridiculously low. They have been substantially increased so now those who perpetrate monopolistic practices will really be penalized in dollars as well as . . . Motor Carrier Reform Act , to remove excessive regulation of truck and bus companies that leads to empty backhauls, underloading, and circuitous routing. Aviation Act , to remove artificial-regulatory constraints, to foster more price competition, and to ensure that regulations protect consumer interests rather than special industry interests. Agenda for Government Reform Act , authorizing a comprehensive review of Federal regulatory activities over the next four years.
Regulatory reform is one of the most important vehicles for improving consumer protection.
Outdated regulatory practices lead to higher prices and reduced services. In recognition of the need for greater consumer protection, as well as consumer input into the decision-making processes of agencies, President Ford, after a meeting of his Cabinet in April of 1975, directed all Federal departments and agencies to develop Consumer Representation Plans . The President believes that this approach represents a more effective alternative than the creation of a wholly new agency for consumer advocacy. I am convinced we can resolve by better administration what Congress is attempting to resolve by new laws and a costly new Government agency. The steps we have taken will prove to be responsive to the needs of the American consumer and the concerns of the American public.