Executive order on reducing regulations
Federal Government -- January 30, 2017
This executive order requires any executive department or agency that proposes one new regulation to identify two regulations to be repealed. For fiscal 2017, it instructs that the total incremental cost of all new regulations and repealed regulations be no greater than zero. Essentially, new regulations must be paid for with the savings produced by removing old regulations.
For fiscal 2018, the director of the Office of Management and Budget is required to issue for each agency a maximum total cost of all new regulations and repealed regulations for the fiscal year. No agency is allowed to issue a regulation whose costs exceed that maximum, “unless required by law or approved in writing by the Director.”
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