Policymakers constantly struggle with finding the right balance for regulations that improve citizen welfare while not causing undue burdens on the private sector. Certainly some regulations are useful; however, some may be inefficient or harmful. In our current economic environment, it is critical that government better understand the impact of regulations on economic growth and innovation. As such, it is time to give policymakers better tools to get the job done. ITIF recommends that the Obama administration modernize Regulations.gov to better collect public input on regulations that impede economic growth and innovation.