Further to yesterday's post: SEC's Updated Rulemaking Agenda Reflects New Administration Priorities, these SEC rulemaking activities: Universal Proxy, Corporate Board Diversity, Clawbacks, Pay for Performance, and Hedging were among the 282 Fall 2016 agenda active agency rulemaking actions that were withdrawn from the former "Active Actions" list upon reconsideration by the SEC and reclassification as "Long-Term," as detailed here:
- Universal Proxy
- Corporate Board Diversity
- Clawbacks
- Pay for Performance
- Hedging
On an overall basis, the White House OMB Office of Information and Regulatory Affairs (OIRA) touted these and other statistics for President Trump's first unified agency regulatory agenda - purportedly affirming the administration's progress in attaining more effective and less burdensome regulation as called for by his Executive Orders 13771 (Reducing Regulation and Controlling Regulatory Costs, January 30, 2017) and 13777 (Enforcing the Regulatory Reform Agenda, February 24, 2017):
- Agencies withdrew 469 actions that were proposed in the Fall 2016 Agenda
- Agencies reconsidered 391 active actions by reclassifying them as long-term (282) and inactive (109), allowing for further careful review
- Economically significant regulations fell to 58, or about 50% less than Fall 2016
- The first five months of the new administration produced quantifiable annualized cost savings estimated at $22 million, compared to $6.8 billion in annualized costs due to rules finalized during last five months of fiscal year 2016
The OMB OIRA release also notes that - for the first time, agencies are posting and making public their list of "inactive" rules - providing notice to the public of regulations still being reviewed or considered.
See also this AP News article, in addition to the articles noted in yesterday's post.