NEW DETAILS REVEALED ON REGULATORY COSTS - February 7, 2017
How Trump's New Policy to Cut Regulatory Costs Will Actually Work
By Eric Katz, Government Executive
The Trump administration has issued a set of strict rules governing how federal agencies can offset costs as part of the president’s new regulatory reform policy, though it allowed some broad carve-outs and exempted an entire swath of offices.
In new guidance, the Office of Management and Budget instructed agencies that Trump’s one in, two out policy would not require they repeal regulations outright to meet new demands. Instead, they can take “deregulatory actions” to offset opportunity costs to society, including streamlining certain logistical procedures.