White House Thinking on Regulatory Budget Still Developing
Editor’s Note: See, A Website Dedicated to the Implementation of a Regulatory Budget.
From: BNA/Daily Report for Executives
By Cheryl Bolen
***
Still Untested
Broadly, EO 13,771 requires agencies to take two deregulatory actions for every new rule they issue. The order also requires agencies in fiscal year 2017 to completely offset the cost of the new rule through cuts in existing rules.
The requirements of the executive order apply to rules finalized in this fiscal year that impose costs. It is unclear whether, or how many, rules currently pending at the Office of Information and Regulatory Affairs (OIRA) would do that.
