January 31, 2025
ELIMINATING 10 REGULATIONS FOR EACH NEW REGULATION ISSUED: Today, President Donald J. Trump signed an Executive Order to unleash prosperity through deregulation.
- The Order requires that whenever an agency promulgates a new rule, regulation, or guidance, it must identify at least 10 existing rules, regulations, or guidance documents to be repealed.
- The Director of the Office of Management and Budget will ensure standardized measurement and estimation of regulatory costs.
- It requires that for fiscal year 2025, the total incremental cost of all new regulations, including repealed regulations, be significantly less than zero.
HALTING THE REGULATORY ONSLAUGHT: President Trump will halt the job killing and inflation-driving regulatory blitz of the Biden Administration.
- The Biden Administration imposed a historic $1.7 trillion in costs on the American people.
- Overregulation stops American entrepreneurship, crushes small business, reduces consumer choice, discourages innovation, and infringes on the liberties of American citizens.
- It also contributes to the high cost of living, including by driving up energy prices.
BUILDING ON PAST SUCCESS: President Trump’s first Administration undertook the most aggressive and successful regulatory reduction effort in history.
- In his first term, President Trump asked the agencies to eliminate two regulations for each one new regulation issued. Not only was this 2-for-1 goal achieved, the first Trump Administration eliminated five and a half regulations for everyone new regulation issued.
- This Executive Order builds on President Trump’s previous success to improve daily lives of the American people by reducing unnecessary, burdensome, and costly Federal regulations.
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Sources: WH.gov , Midtown Tribune,
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