President Trump Hacks And Slashes Job Killing Regulations

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SURPASSING GOALS FOR FY 2017: The Trump Administration has far exceeded its promise to eliminate regulations at a 2:1 ratio and impose no lifetime net regulatory costs.

  • Agencies have issued 22 deregulatory actions for every one new regulatory action.
    • This 22:1 ratio far exceeds President Trump’s promise to eliminate two rules for every one new rule.
    • In total, agencies issued 67 deregulatory actions while imposing only three new regulatory actions.
  • Federal agencies achieved $8.1 billion in lifetime net regulatory cost savings, the equivalent of $570 million per year.
    • These savings go beyond the Administration’s goal of imposing no lifetime net regulatory costs in FY 2017.
    • In contrast, the previous administration imposed between $5.7 billion and $15.2 billion in annualized regulatory costs in its final eight months in office.

EVEN GREATER SAVINGS IN 2018: The Trump Administration is committed to producing even greater regulatory cost savings in FY 2018.

  • Federal agencies are committed to cutting more than $9.8 billion in lifetime costs for regulations finalized in FY 2018.
    • This $9.8 billion in savings would amount to $686.6 million per year.

REGULATORY PLAN FOR FY 2018: Today, the Trump Administration is releasing its first full Regulatory Plan and Unified Agenda of Regulatory and Deregulatory Actions.

  • The Regulatory Plan and Unified Agenda of Regulatory and Deregulatory Actions gives a detailed look at the Administration’s plan to continue rolling back regulations.
  • Agencies plan on achieving even more regulatory rollbacks in FY 2018 compared with FY 2017, and plan to issue at least three deregulatory actions for every one new regulation.
  • In this Administration, agencies have withdrawn or delayed 1,579 planned regulatory actions.
    • 635 regulations were withdrawn.
    • 244 regulations were made inactive.
    • 700 regulations were delayed.
  • For the first time, the Federal regulatory database will identify whether regulations are anticipated to be net regulatory or deregulatory.
  • Reginfo.gov will now provide a list of inactive regulatory actions, not released in previous administrations.
The White House
Office of the Press Secretary
For Immediate Release

President Trump Takes Action to Get Washington Out of the Way

“Any regulation that is outdated, unnecessary, bad for workers, or contrary to the national interest will be scrapped.” – Donald J. Trump

YEARS OF GOVERNMENT OVERREACH: President Donald J. Trump has inherited the bloated regulatory regime of the past Administration.

  • According to the American Action Forum, the regulations from the Obama Administration cost United States taxpayers a total of $873 billion.
    • The Obama Administration issued 3,037 finalized regulations.

GETTING GOVERNMENT OUT OF THE WAY: Today, President Trump signed legislation to help eliminate unnecessary, harmful, and job-killing regulations.

  • Earlier today, President Trump signed four bills under the Congressional Review Act (CRA), in one of the few times the CRA has been used to cancel Federal regulations.
  • House Joint Resolution 37 will roll back the “blacklisting” rule that empowers big law firms to get rich by suing American companies and workers who contract with the Federal Government.
  • House Joint Resolution 44 removes the Bureau of Land Management’s “Planning 2.0” rule to prevent further centralization of Federal land management decisions at the expense of local citizens.
  • House Joint Resolutions 57 and 58 eliminate layers of bureaucracy that could have cost State and local school systems millions of dollars, while encouraging freedom and innovation in our schools.

CUTTING RED TAPE ACROSS THE GOVERNMENT: President Trump has signed Executive Orders and legislation to cut regulations that get in the way of Americans.

  • President Trump has required that for every new Federal regulation, two existing regulations be eliminated.
  • President Trump ordered agencies to create Regulatory Reform Task Forces to identify costly and unnecessary regulations.
  • President Trump signed an Executive Order instructing Federal agencies to minimize the burden of the Affordable Care Act on Americans while he works to repeal and replace it.
  • President Trump signed legislation, House Joint Resolution 38, to prevent the burdensome “Stream Protection Rule” from causing further harm to the coal industry.
  • President Trump signed legislation, House Joint Resolution 41, to eliminate a costly regulation that threatened to put American mining and energy companies and their employees at an unfair disadvantage.
  • President Trump directed the Secretary of Commerce to develop a plan to streamline Federal permitting processes for domestic manufacturers.
  • President Trump signed an Executive Order expediting the environmental review and approval processes for domestic infrastructure projects.
  • President Trump directed the Secretary of the Treasury to conduct a full review of the burdensome regulations required by the Dodd-Frank Act.
  • President Trump ordered a re-examination of the Department of Labor’s “fiduciary rule,” to make certain that it does not harm Americans as they save for retirement.

KEEPING HIS PROMISES TO THE AMERICAN PEOPLE: President Donald J. Trump has promised the country he would cut needless regulation.

  • While campaigning for President, Donald Trump promised to cut regulations massively.
  • While campaigning for President, Donald Trump vowed to cut any regulation that is outdated, unnecessary, bad for workers, or contrary to the national interest.

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