Trump Signs Sweeping Deregulation Order

President Trump, on January 31, 2025, signed an executive order that requires federal agencies to identify at least 10 rules, regulations or pieces of guidance to repeal anytime they issue a new rule or regulation.  The order also directs the director of OMB to measure and estimate regulatory costs.  For 2025, the cost of new regulations must be less than zero (and account for decreased costs associated with eliminating existing regulations).  This issue mirrors the EO Trump signed during his first term, which only required that two sets of rules or regulations be eliminated for each newly proposed rule or regulation (Biden rescinded this policy on his first day in office). For more information on the use of regulations to interpret Congressional legislation, visit Tax Facts Online. Read More: Link to Q3903.1.