Federal Register, Unleashing Prosperity Through Deregulation, Executive Order 14192, January 31, 2025
Fosters an environment of extreme federal deregulation through efforts to ensure that for each new regulation issued, 10 prior regulations will be identified for elimination. Seeks to dramatically reduce the cost of compliance with federal regulation, including through a requirement that for FY 2025, the total incremental cost of new regulations is to be less than zero.
From the Order:
Section 1. Purpose. The ever-expanding morass of complicated Federal regulation imposes massive costs on the lives of millions of Americans, creates a substantial restraint on our economic growth and ability to build and innovate, and hampers our global competitiveness. Despite the magnitude of their impact, these measures are often difficult for the average person or business to understand, as they require synthesizing the collective meaning not just of formal regulations but also rules, memoranda, administrative orders, guidance documents, policy statements, and interagency agreements that are not subject to the Administrative Procedure Act, further increasing compliance costs and the risk of costs of non-compliance. It is the policy of my Administration to significantly reduce the private expenditures required to comply with Federal regulations to secure America's economic prosperity and national security and the highest possible quality of life for each citizen. To that end, it is important that for each new regulation issued, at least 10 prior regulations be identified for elimination. This practice is to ensure that the cost of planned regulations is responsibly managed and controlled through a rigorous regulatory budgeting process.