Unleashing Prosperity Through Deregulation
Executive Order 2025-02345
|Signed on February 1, 2025
First 100 Days
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What it means
Requires agencies to identify at least 10 existing regulations for elimination whenever a new regulation is proposed. Total regulatory costs must decrease significantly in 2025, with the Office of Management and Budget overseeing implementation and setting annual cost allowances for each agency.
Expected impact
- Potential reduction in regulatory compliance costs for businesses and individuals
- Streamlined regulatory environment that may encourage economic growth and innovation
- Increased burden on federal agencies to identify regulations for elimination
- Possible concerns from consumer protection and environmental groups about the removal of important safeguards
- Economic benefits for industries that have faced significant regulatory requirements