Unleashing Prosperity Through Deregulation
Orders Agencies to Repeal Ten Rules for Each New Rule
What it does
Agencies must repeal at least ten existing regulations for each new regulation and offset new costs to meet the Office of Management and Budget Director's negative-cost limit.
Real-world impact
- Requires agencies to repeal ten rules when issuing each new rule.
- Limits issuance of regulations unless included in Unified Regulatory Agenda.
- Aims to reduce compliance costs for people and businesses.
Topics
Summary
This order requires federal agencies to identify and repeal at least ten existing regulations whenever they issue a new regulation, and to ensure the total incremental cost of new and repealed regulations is significantly less than zero for fiscal year 2025, as determined by the Director of the Office of Management and Budget.
It affects agency heads, the Director and the Secretary of the Treasury, and aims to lower compliance costs for people and businesses by shrinking regulatory burdens; the Director will issue guidance and reinstate prior regulatory analysis guidance.
Questions, answered
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