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New Trump Order Mandates Agency Regulatory Reform Task Forces

By Randi Morrison posted 02-25-2017 09:54 AM

  
Yesterday, in order to facilitate his regulatory reduction and reform agenda, and further to regulatory reduction-focused Executive Order 13771 (which we reported on here), President Trump signed this Executive Order requiring every executive agency (subject to limited exceptions) to establish a Regulatory Reform Task Force to evaluate existing regulations and identify ones for repeal, replacement or modification - with a focus on regulations that:

(i)   eliminate jobs, or inhibit job creation;

(ii)  are outdated, unnecessary, or ineffective;

(iii)  impose costs that exceed benefits;

(iv) create a serious inconsistency or otherwise interfere with regulatory reform initiatives and policies;

(v)  are inconsistent with the requirements of section 515 of the Treasury and General Government Appropriations Act, 2001 (44 U.S.C. 3516 note), or the guidance issued pursuant to that provision, in particular those regulations that rely in whole or in part on data, information, or methods that are not publicly available or that are insufficiently transparent to meet the standard for reproducibility; or

(vi) derive from or implement Executive Orders or other Presidential directives that have been subsequently rescinded or substantially modified.


Each Task Force is directed to seek the input and assistance of relevant stakeholders - including small businesses and trade associations - in conducting the evaluations, and is required to measure and report on its progress within 90 days and periodically thereafter.

See also the corresponding Press Briefing, Trump's remarks at the signing of the EO, and our prior report on the White House OMB's Interim Guidance directed toward independent agencies like the SEC, which are not otherwise covered by these EOs.
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