Reducing Regulation and Controlling Regulatory Costs

What it means

Establishes a "two-for-one" rule requiring federal agencies to eliminate two existing regulations for each new one they introduce. For 2017, the order requires that the total cost of new regulations must not exceed zero, effectively capping regulatory costs.

Expected impact

• Reduced regulatory burden on businesses, potentially stimulating economic growth and job creation
• Streamlined federal regulatory process with agencies forced to prioritize which regulations are truly necessary
• Potential cost savings for companies that would have faced compliance expenses
• Possible concerns from environmental and consumer protection advocates about eliminated safeguards
• Implementation challenges as agencies work to identify regulations for elimination while meeting their statutory obligations