January 31, 2017

A GOOD START: Trump Halted $181 Billion in Regulatory Costs on First Day in Office.

“On day one in office, President Trump’s Chief of Staff, Reince Priebus, signed a memo to all executive agencies imposing a regulatory moratorium,” wrote Sam Batkins, director of regulatory policy for the American Action Forum. “This may sound like an extraordinary action, but President Obama’s then-Chief of Staff, Rahm Emanuel, penned an almost identical memo eight years ago.”

“According to American Action Forum (AAF) research, this memo put a hold on $181 billion in total regulatory costs, including $17 billion in annual costs, and 5.5 million hours of paperwork,” Batkins wrote. “This moratorium freezes 22 rulemakings with annual costs above $100 million and 16 measures with more than $1 billion in long-term costs.”

The Trump administration memo stopped the publication of new rules in the Federal Register, withdrew regulations that were sent for formal publication so they can be reviewed, and postponed recently finalized regulations for 60 days.

Longer, please.

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