President Issues Executive Order to Slash Regulations
In addition, the EO institutes an annual cap on the cost of new regulations. For fiscal year 2017, the “total incremental cost of all new regulations, including repealed regulations, to be finalized this year shall be no greater than zero.”
See the Executive Order here.
What’s Not Included?The following types of regulations are not covered by the Executive Order:
- Regulations issued with respect to a military, national security, or foreign affairs function in the US
- Regulations related to agency organization, management, or personnel
- Any other category of regulations exempted by the Director of the Office of Management and Budget (OMB).
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