The Trump administration has far surpassed the president’s directive to kill two regulations for every new one, eliminating 16 old rules for every new one implemented during its first six months.
“It’s really the beginning of a kind of fundamental regulatory reform and a reorientation of where we’re going with regulation,” said Neomi Rao, the new administrator of the Office of Information and Regulatory Affairs in the Office of Management and Budget.
During a press briefing, Rao outlined the administration’s regulatory agenda and said, “It’s a beginning…you’re going to see a rollback of regulations.”
Rao’s remarks preceded Thursday’s release of the Unified Agenda of Regulatory and Deregulatory Actions, a report on upcoming issues expected to impact the economy.
According to Rao, the numbers in the report will demonstrate that hundreds of regulations have been removed or put on hold, many which were added during the final days of the Obama administration.
The report will reveal that 860 regulations have been “withdrawn or removed from active status” by the Trump administration.
The Unified Agenda will also show a 50 percent reduction in regulations, with an economic impact of $100 million or more, and a 40 percent decrease in less expensive rules.
— Sean Spicer (@PressSec) July 14, 2017
Last week, the administration said that its “MAGAnomics” goal of three percent growth is based in part on removing costly regulations which will allow businesses to work freely and hire more employees.
Rao declared that she is targeting the “regulatory state.” Even so, she noted that it is difficult to show that regulations have been removed or withdrawn because past administrations have only proposed new rules—there was not a deregulation column in their reports.
Rao has pledged to add a deregulation column to future reports.
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