President Signs Order to Reduce Federal Regulations

The order will require agencies to control the costs of all new rules within their budget and will be prohibited from imposing any new cost in finalizing or repealing a rule for the remainder of 2017 unless the cost is offset by the repeal of two existing regulations.

Multiple news agencies reported that President Donald Trump has signed an executive order Jan. 30 that will require executive agencies to revoke two regulations for every new rule they want to issue. This will fulfill a campaign promises of the president, who met with some small-business owners at the White House before signing the order, which he called "a big one," according to a pool report cited by The Hill and others.

The reports say the order will require agencies to control the costs of all new rules within their budget and will be prohibited from imposing any new cost in finalizing or repealing a rule for the remainder of 2017 unless the cost is offset by the repeal of two existing regulations, and it calls on the OMB director to give each agency a budget starting in 2018 for how much it can increase regulatory costs or cut them.

His order makes exceptions for emergencies and national security.

The Office of Information and Regulatory Affairs (OIRA) is a key agency within OMB that reviews federal rules before they are published in the Federal. Register

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