The White House announced today that 30 U.S. agencies are seeking to repeal or modify regulations in an effort to reduce reporting requirements and save businesses and individuals billions of dollars in compliance costs.

Among the revisions the Obama administration is proposing is elimination of a requirement in some states for vapor recovery systems at gas stations and changes in labeling mandates for hazardous materials, according to a fact sheet prepared by the White House.

Cass Sunstein, director of the White House’s Office of Information and Regulatory Affairs, said in an interview that the proposed regulatory changes would have a “big impact” on industries including railroads, airlines, medical device makers and hospitals and doctors.

Already in place as a result of the review is an exemption for the dairy industry from Environmental Protection Agency rules that defined milk as an “oil” and subjected farmers to regulations designed to cover oil spills, Sunstein said, estimating that the change will save the milk and dairy industries $1.4 billion over 10 years in clean-up costs

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