“President Trump on Monday signed an executive order that would require agencies to revoke two regulations for every new rule they want to issue.
The executive order is aimed at dramatically rolling back federal regulations, one of his top campaign promises. “We want to make … life easier for small businesses,” he said, adding that it would also benefit large businesses. “There can’t be any discrimination.”
The order requires agencies to control the costs of all new rules within their budget. Agencies are also prohibited from imposing any new costs in finalizing or repealing a rule for the remainder of 2017 unless that cost is offset by the repeal of two existing regulations.
Senior administration officials touted it as the most significant administrative action in the world of regulatory reform since President Reagan created the Office of Information and Regulatory Affairs (OIRA) in 1981.”