January 30, 2017: Presidential Executive Order on Reducing Regulation and Controlling Regulatory Costs

In an effort to reduce regulation and expenses, President Donald Trump has made several changes since taking office. One of the most important changes he made was placing a regulatory cap on Fiscal Year 2017 that would require agencies requesting new regulations to identify two existing regulations to be repealed.
In addition, the agencies were informed that the total incremental cost of the new regulations and repealed regulations that are to be finalized in 2017 must be no more than zero unless prior written approval has been issued by the Director of OMB.

Presidential Executive Order on Reducing Regulation and Controlling Regulatory Costs