Elon Musk and Vivek Ramaswamy said their high-profile government efficiency panel will follow recent Supreme Court rulings that they say can be used to take power away from federal agencies to reduce rules that are unnecessary, costly and inefficient.
Musk, the billionaire CEO of Tesla and SpaceX, and Ramaswamy, a former Republican presidential candidate and the founder of biotechnology firm Roivant Sciences, have been tasked by President-elect Donald Trump to lead a panel of outside advisers to make efficiency recommendations.
The two wrote a Wall Street Journal opinion piece about the panel on Wednesday.
Given the ambitious claims made by Musk and Trump about the panel’s ability to transform the U.S. government, the group has received widespread publicity and interest in how it will operate.
Many current federal regulations may exceed the legislative power granted by Congress, they said, citing two Supreme Court cases — 2022’s West Virginia v. Environmental Protection Agency and this year’s Loper Bright v. Raimondo.
The panel will look for such regulations, they added.