Executive Order Aimed at Reducing Federal Regulations

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President Donald Trump has issued an executive order requiring that for every new rule, regulation or piece of guidance a government agency creates, it must in turn eliminate 10 of its existing regulations.

“The ever-expanding morass of complicated federal regulation imposes massive costs on the lives of millions of Americans, creates a substantial restraint on our economic growth and ability to build and innovate, and hampers our global competitiveness,” the order said. “Despite the magnitude of their impact, these measures are often difficult for the average person or business to understand, as they require synthesizing the collective meaning not just of formal regulations but also rules, memoranda, administrative orders, guidance documents, policy statements, and interagency agreements that are not subject to the Administrative Procedure Act, further increasing compliance…