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Government

President Trump Signs Executive Order Regulating Regulations

Written by Leonora Cravotta

On Monday, January 30, President Donald Trump signed an executive order which reduces federal regulations by requiring federal agencies to eliminate two existing regulations for every new regulation implemented.

Regulation categories concerning national security or the military will be exempt from the executive order. The executive order does not require that the repeal of the two existing regulations occur simultaneously with the introduction of the new regulation.

Major regulations are typically overseen by the Office of Management and Budget (OMB) which will be responsible for ensuring that all federal agencies comply with the President’s one in/two out requirement.

For 2017, President Trump is instituting a budgetary cap on regulations meaning that the cost of any new regulation be offset by the elimination of other regulations. President Trump has selected South Carolina House Representative Mick Mulvaney to lead the OMB.

The executive order does not cover regulations which were introduced by independent agencies which crafted some of the requirements of the 2010 Dodd-Frank Wall Street reform law, including the Securities and Exchange Commission and the Commodity Futures Trading Commission.

The views expressed in this opinion article are solely those of their author and are not necessarily either shared or endorsed by EagleRising.com


About the author

Leonora Cravotta

About Leonora Cravotta: Leonora Cravotta is the Program & Talent Director for Red State Talk Radio, the Co-Host for the Scott Adams Show, a political radio talk show, and a syndicated writer for conservative publications. Her professional background includes over fifteen years in corporate and nonprofit marketing. She holds a B.A. in English and French from Denison University, an M.A. in English from University of Kentucky and an M.B.A. from Fordham University. The Scott Adams show is available on RedStateTalkRadio.com, iTunes, Tune-In, Spreaker, Stitcher and Soundcloud.

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