Politico: Trump Signs Executive Order Requiring That for Every One New Regulation, Two Must Be Revoked

By Nolan D. McCaskill and Matthew Nussbaum:

“If you have a regulation you want, No. 1, we’re not gonna approve it because it’s already been approved probably in 17 different forms,” Trump said. “But if we do, the only way you have a chance is we have to knock out two regulations for every new regulation. So if there’s a new regulation, they have to knock out two.”

The president added that “it goes far beyond that.” “We’re cutting regulations massively for small business — and for large business,” he said. “But they're different. But for small business, and that’s what this is about today.”

The executive order calls for agencies to pinpoint “at least two” current regulations to be repealed for each new proposed regulation. And it says the net incremental cost for fiscal 2017 should “be no greater than zero,” meaning the cost of new regulations should be offset by existing rules that will be rescinded.

The Full Story (January 30, 2017)