WASHINGTON—The Trump administration has introduced a new executive order outlining a stringent 10-1 deregulation initiative.
This order mandates that for every new rule, regulation, or guidance document introduced by an agency, at least ten existing ones must be repealed. The aim is to significantly reduce the total regulatory burden.
The Director of the Office of Management and Budget is tasked with ensuring that all regulatory costs are measured and estimated uniformly. For the fiscal year 2025, the total incremental cost of all new regulations must be substantially below zero, the order states.
This new policy builds on the previous administration's "2-for-1" policy, which required two deregulatory actions for every new regulatory action that increased costs. While the previous policy focused on significant rules or guidance, the new 10-1 deregulation initiative encompasses a wider range of actions, including rule repeals, guidance revisions, and withdrawn proposals.