Regulatory Relief To Support Economic Recovery
Agencies Directed to Relax Regulations to Support Economic Recovery
What it does
Agencies must identify and, consistent with law, rescind, modify, waive, or exempt regulatory requirements that inhibit economic recovery.
Real-world impact
- Eases regulatory burdens for businesses, especially small businesses.
- Provides faster guidance and pre-enforcement rulings for companies responding to COVID-19.
- Requires agencies to review temporary rule changes for possible permanent adoption.
Topics
Summary
This order directs federal agencies to use emergency powers and, where lawful, to rescind, modify, waive, or exempt rules that hinder the economic recovery from COVID-19.
It asks agencies to speed up guidance, offer pre-enforcement rulings, and consider enforcement leniency for businesses trying in good faith to comply, especially small businesses.
Agencies must also review temporary regulatory changes made during the pandemic to decide if any should become permanent to promote jobs and growth.
Questions, answered
Ask questions about this executive order and its implications. Try:
- “What agencies are affected by this order?”
- “How does this order change existing policy?”
- “What are the practical implications of this order?”