Regulatory due process safeguards against arbitrary decisions from "summary" of The Economics of Regulation: Principles and Institutions: Economic principles by Alfred Edward Kahn
Regulatory due process ensures that decisions made by regulatory agencies are not arbitrary or capricious. It is a fundamental principle designed to protect the rights of individuals and businesses affected by regulatory actions. Without due process safeguards, regulatory agencies could potentially make decisions that are not based on sound reasoning or established criteria. By requiring regulatory agencies to follow established procedures and guidelines, due process helps to ensure transparency and accountability in the regulatory process. This helps to prevent regulatory agencies from making decisions that are influenced by bias, personal preferences, or other improper considerations. Due process also provides affected parties with an opportunity to present evidence, arguments, and objections before a decision is made. One of the key components of regulatory due proc...
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