The Trump Administration Has Issued 22 Deregulatory Actions For Every One New Regulatory Action.

As Of December 2017, The Trump Administration Has Withdrawn Or Delayed 1,579 Planned Regulatory Actions And Achieved $8.1 Billion In Lifetime Net Regulatory Cost Savings 

GOP press release - On January 30, 2017, President Trump Issued Executive Order 13771, Which Required That For Every New Regulation Promulgated, Two Prior Regulations Be Eliminated. "In his first week in office, President Trump issued Executive Order 13771, which aims to 'manage the costs associated with the governmental imposition of private expenditures required to comply with Federal regulations.' It requires that 'for every new regulation issued, at least two prior regulations be identified for elimination, and that the cost of planned regulations be prudently managed and controlled through a budgeting process.'" (Ted Gayer, Robert E. Litan, and Philip A. Wallach, "Evaluating The Trump Administration's Regulatory Reform Program," The Brookings Institute , 10/20/17)

Under The "2-For-1 Rule," Agencies Were Required To Offset The Cost Of Any New Regulation By Eliminating Two Existing Regulations. "Under the so-called '2-for-1 Rule,' the incremental costs of all new regulations for Fiscal Year 2017 must be no greater than zero, unless the regulation is required by law, or, consistent with advice provided in writing by the Director of the OMB. Agencies are expected to meet this new requirement by offsetting any incremental costs from new regulations with the supposed savings gained from eliminating two existing regulations." (Roncevert Almond, Marina O'Brien, and Andy Orr, "Regulatory Reform In The Trump Era - The First 100 Days," Yale Journal On Regulation )

As Of December 14, The Trump Administration Has Issued 22 Deregulatory Actions For Every One New Regulatory Action. "Agencies have issued 22 deregulatory actions for every one new regulatory action. This 22:1 ratio far exceeds President Trump's promise to eliminate two rules for every one new rule. In total, agencies issued 67 deregulatory actions while imposing only three new regulatory actions." ("President Donald J. Trump Is Delivering On Deregulation," The White House , 12/14/17)

In 2017, Federal Agencies Withdrew Or Delayed 1,579 Planned Regulatory Actions. "In this Administration, agencies have withdrawn or delayed 1,579 planned regulatory actions. 635 regulations were withdrawn. 244 regulations were made inactive. 700 regulations were delayed." ("President Donald J. Trump Is Delivering On Deregulation," The White House , 12/14/17)

Federal Agencies Have Achieved $8.1 Billion In Lifetime Net Regulatory Cost Savings In FY 2017, The Equivalent Of $570 Million Per Year. "Federal agencies achieved $8.1 billion in lifetime net regulatory cost savings, the equivalent of $570 million per year. These savings go beyond the Administration's goal of imposing no lifetime net regulatory costs in FY 2017." ("President Donald J. Trump Is Delivering On Deregulation," The White House , 12/14/17)

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