White House Press Release - President Donald J. Trump is Delivering on Deregulation

SURPASSING GOALS FOR FY 2017: The Trump Administration has far exceeded its promise to eliminate regulations at a 2:1 ratio and impose no lifetime net regulatory costs.

• 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.
• 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.
  • In contrast, the previous administration imposed between $5.7 billion and $15.2 billion in annualized regulatory costs in its final eight months in office.

EVEN GREATER SAVINGS IN 2018: The Trump Administration is committed to producing even greater regulatory cost savings in FY 2018.

• Federal agencies are committed to cutting more than $9.8 billion in lifetime costs for regulations finalized in FY 2018.
  • This $9.8 billion in savings would amount to $686.6 million per year.

REGULATORY PLAN FOR FY 2018: Today, the Trump Administration is releasing its first full Regulatory Plan and Unified Agenda of Regulatory and Deregulatory Actions.

• The Regulatory Plan and Unified Agenda of Regulatory and Deregulatory Actions gives a detailed look at the Administration's plan to continue rolling back regulations.
• Agencies plan on achieving even more regulatory rollbacks in FY 2018 compared with FY 2017, and plan to issue at least three deregulatory actions for every one new regulation.
• In this Administration, agencies have withdrawn or delayed 1,579 planned regulatory actions.
  • 635 regulations were withdrawn.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.
• For the first time, the Federal regulatory database will identify whether regulations are anticipated to be net regulatory or deregulatory.
• Reginfo.gov will now provide a list of inactive regulatory actions, not released in previous administrations.